Startups

Mapbox just raised $52.55 million

It's the company's biggest raise ever.

Mapbox allows users to design their own maps. (Screenshot via mapbox.com)

Mapbox, the D.C.-based mapping software we just profiled yesterday, announced today it has raised a $52.55 million Series B round.
“This is more than just creating the best mapping platform,” wrote CEO Eric Gundersen on the company’s blog. “We’re building tools that are going to change how people move around cities, how scientists understand the planet, and how applications doing anything with location.”
The investment is led by DFJ Growth, a early-stage venture capital fund in San Francisco. Other backers include return investor Foundry Group.
Mapbox closed a $10 million Series A round in October 2013. Before that, the company had been essentially bootstrapped ever since its founding in 2003, as a web strategy consultant for nonprofits called Development Seed.
Mapbox’s API is now used by companies including Foursquare, GitHub and Pinterest. Earlier this month, the company announced a partnership with MapQuest.

Companies: Mapbox

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

19 tech and entrepreneurship events to check out before the holidays

DC’s year in tech: An interactive timeline for 2024

EDA officials are ‘hopeful’ Tech Hubs program will live on under Trump

AI is being used in more and more of the hiring process, especially at high-volume companies

Technically Media