Today’s early-stage startup funding and acquisitions news:
CityMaps, which is re-envisioning online maps by letting locals collaborate on maps around local landmarks and favorite places, has raised an additional $1.5 million in Series A funding. It’s positioned as an extension to the $2.5 million in Series A round the company raised in late 2011. The New York City-based startup has created a mobile app that allows collaborative building of maps that also allows users to access the library of maps that others have created. Investors in this new Series A round include Ashton Kutcher and Guy Oseary’s A-Grade Investments. CityMaps was founded in 2010 by Elliot Cohen and Aaron Rudenstine.
Vital Stats:
Website: www.citymaps.com
HQ: New York City
Founders: Elliot Cohen (CEO), Aaron Rudenstine (President)
Year Founded: 2010
Series A Investors: Ashton Kutcher, A-Grade Investments, Steve Papa
Innovation: An app that enables collaborative map building around popular places and landmarks.
Total Funding: $5M
(Sources: CityMaps, TechCrunch, Crunchbase)
More funding and acquisitions news…
Yahoo continues acquisition spree, picks up social news company Rockmelt (via GigaOm)
Social website creation platform RebelMouse gets $10.25 million in Series A funding (via The Next Web)
Alexis Ohanian, Garry Tan & Harj Taggar raise $39M to invest in tech startups (via VentureBeat)
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