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Felt raises $15M in funding led by Energize Capital to expand its team and enhance product offerings, including Felt AI development.

Jul 16, 202517 days ago

Amount Raised

$15 Million

OaklandConsumer GoodsOtherCommunity And Lifestyle

Investors

FootworkBcvEnergize Capital

Description

Felt, an Oakland, CA-based provider of a cloud-native geographic information systems (GIS) platform, raised $15M in funding. The round was led by Energize Capital, with participation from BCV and Footwork. The company intends to use the funds to expand its team and product offerings. Felt provides a GIS platform that allows organizations to work with spatial data.

Company Information

Company

Felt

Location

Oakland, California, United States

About

And Felt, a new Oakland-based startup co-founded by Sam Hashemi and Can Duruk, is on a mission to make the medium more mainstream. Felt is a collaborative software company that wants to make it easier for people to build maps on the internet.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech