StreetCred, a New York City-based provider of a mapping tech platform for app developers, raised $1m in seed funding.
Backers included Bowery Capital and Notation Capital.
The company intends to use the funds to continue to expand operations.
Led by Randy Meech, Diana Shkolnikov, Cassidy Rouse, Lily He, StreetCred is an early-stage mapping data startup that is developing open-source software which leverages blockchain technology. Its token-incentivized protocol aims to encourage user compensation for data creation that provides real-time, accessible mapping data to businesses, consumers, and application developers who need it.