GeoDigital International, a Hamilton, Ontario-based provider of 4D Geospatial imaging and business intelligence solutions, raised an undisclosed amount of new equity financing.
The round was led by EnerTech Capital and Emerald Technology Ventures, joined by GDI’s current investors NGP Energy Technology Partners and North Sky Capital. In conjunction with the funding, Scott Ungerer, Managing Director of EnerTech Capital, and Gina Domanig, Managing Partner for Emerald Technology Ventures, will join the GDI Board of Directors.
The company intends to use the funds for product extensions and continued expansion in the United States, Canada and international markets.
Led by co-CEOs Abe Morris and Alastair Jenkins, GeoDigital integrates advanced imaging and data acquisition technologies to perform airborne and ground mapping services with LiDAR (Light Detection and Ranging) to deliver business intelligence solutions for asset management and engineering.
By providing access to geospatial information using proprietary software and web mapping technology in partnership with Google Earth and Google Maps Engine, the company offers utilities and engineering firms access to their data to enable work planning, execution, and reporting.
FinSMEs
12/06/2014