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 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)
# # #
The 2008 financial crisis was one of the toughest economic periods in recent history. However,…
2023 was one of the most challenging years in recent memory for the trucking industry.…
Articles and posts headlined something like “The press release is dead” are strangely popular. Put…
Many of you probably know that one of the most crucial steps in running a…
New EPA updates regarding emissions regulations have many vehicle fleet operators wondering not if but…
The blockchain industry is set to benefit from a new collaboration between the University of…