IdealSpot, an Austin, Texas, web-based commercial real estate mapping and analysis solution, raised $1m in seed funding.
The round was led by ATX Seed Ventures with participation from angel investors including Sean Greenberg, CEO of Pluckers.
The company intends to use the funds for initial launch and market-expansion across the United States.
Founded in 2014, IdealSpot specializes in software for the commercial real estate and retail industries. The platform searches, collates, parses, analyzes, and packages data from multiple sources and makes it actionable for customers to create a personalized map, analyze current locations and competitors’ locations in order to make better decisions.
It allows retailers, restaurants, retail services, and franchises can begin research for a new location using such tools as Customer Location Targeting, Traffic Density Overlays, Average Revenue Score, SpotOn Analysis & Location Score.