Hivemapper Raises $18M From Multicoin Capital To Create The World’s First Decentralized Mapping Network
Hivemapper Raises $18M From Multicoin Capital To Create The World’s First Decentralized Mapping Network
04/05/22, 3:39 PM
Location
san franciscoMoney raised
$18 million
Industry
navigation and mapping
data and analytics
Hivemapper Inc., the creator of Hivemapper, a global, decentralized mapping network with a crypto-integrated dashcam, today announced an $18 million Series A round led by Multicoin Capital with participation from Craft Ventures, Solana Capital, Shine Capital, and Spencer Rascoff’s 75 and Sunny Ventures. Joining previous investors Spark Capital, Founder Collective, and Homebrew, they bring the company’s total financing to $23 million to date. The new funds will be used to support Hivemapper’s mainnet launch this summer, onboard more map contributors, and deliver the company’s first crypto-integrated dashcam, the Hivemapper Dashcam, which is available for pre-order for $449 effective immediately with shipping to begin in July 2022.
Company Info
Location
san francisco, california, united states
Additional Info
The Hivemapper Network is a global, crypto-mapping network that collects fresher, high resolution, and relevant map data in a more cost-effective way. Map contributors capture 4K street-level imagery with dashcams, carry out quality assurance, and annotate imagery. Map consumers leverage the map API across industries and use cases. Hivemapper is revolutionizing the mapping economy. To learn more about Hivemapper, please visit: https://hivemapper.com/.