Mapbox Raises $52.55M in Series B Round of Funding

mapboxMapbox, a San Francisco and Washington, D.C.-based full-stack mapping platform for developers, raised $52.55m in Series B round of funding.

The round was led by DFJ Growth, with participation from DBL Partners, Foundry Group, Thrive Capital, Promus Ventures, Pritzker Group and Jon Winkelried. In conjunction with the funding, Randy Glein of DFJ Growth and Ira Ehrenpreis from DBL Partners joined Mapbox’ board.

The company intends to use the funds to invest in the team and grow the company across all departments, from engineering and data to operations and sales.

Founded in 2010 by Eric Gundersen, CEO, Mapbox provides the building blocks needed to integrate location into any mobile or online application. Possible applications include letting enterprises analyze their data, drone companies publish flyovers, real estate sites visualize properties, satellite companies process cloud-free imagery, and insurance companies track assets.
The company has 5,000 paying platforms like Pinterest, Etsy, Evernote and Github, and has a community of almost 50,000 active developers.



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