Committed Capital and Mercia led the seed follow-on investment to support airport transfer tools and healthcare expansion.
"We are delighted with the considerable support we have received from our investors. With the opportunities that are available to us across our key industry verticals and armed with the technology to realise them, we anticipate an incredibly exciting period in the business’s development next year and beyond."
Committed Capital and Mercia led the Series A round to support the rollout of new software products.
"The funding will allow us to pursue our strategy to produce a fully integrated software as a service (SaaS) solution. The new software will provide hyper-accurate digital maps of complex spaces, allowing indoor and outdoor navigation and intelligent real-time location. It will open up new possibilities for use in smart cities, asset management, and industrial platforms."
Three Hills Capital Partners is acquiring a significant minority stake in the telematics technology group.
"enable us to more rapidly execute our ambitious growth plans, both organic and by acquisition, to become the global leader providing connected, data-driven technology solutions for the insurance and shared mobility markets."
The investment round was led by Committed Capital and Mercia Fund Managers to support product team expansion.
"The world around us is getting busier and more complicated every day. Our map-based applications, which provide access to timely, relevant location-based information about any environment, are the key to enabling consumers and businesses to find their way."
