What is CARTO?
CARTO operates at the intersection of big data and geographic information systems, providing a sophisticated platform that empowers organizations to derive actionable insights from location-based data. Its core offering includes a powerful visualization engine and a comprehensive spatial analysis suite that enables businesses to optimize logistics, site selection, and market expansion strategies. By integrating a location data catalog with advanced analytical tools, CARTO serves as a foundational layer for companies seeking to transform raw spatial information into competitive intelligence. The company's market position is bolstered by its ability to bridge the gap between complex data science workflows and intuitive, user-friendly mapping interfaces, making it a preferred choice for data-driven enterprises globally.
How much funding has CARTO raised?
CARTO has raised a total of $98.7M across 4 funding rounds:
Series A
$8M
Private Equity
$6.7M
Series B
$23M
Series C
$61M
Series A (2014): $8M with participation from Kibo Ventures, Earlybird, and Vitamina K Venture Capital
Private Equity (2015): $6.7M, investors not publicly disclosed
Series B (2015): $23M supported by Accel Partners, Earlybird Venture Capital, and Kibo Factory
Series C (2021): $61M featuring European Investment Fund, Insight Partners, Kibo Factory, Hearst, Accel, Salesforce, and Earlybird
Key Investors in CARTO
Earlybird
Founded in 1997, Earlybird is a venture capital investor focused on European technology innovators. The company invests in technology, medical, and other related sectors. The company is headquartered in Berlin, Germany.
Kibo Ventures
Kibo Ventures is a European technology investment platform that supports entrepreneurs with bold ideas by investing in early-stage startups and helping them scale globally. The firm emphasizes a hands-on approach, providing strategic support and fostering long-term partnerships with founders.
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth. The firm focuses on supporting innovative companies and entrepreneurs.
What's next for CARTO?
Looking ahead, the strategic deployment of the $61M investment is expected to focus on scaling CARTO's cloud-native infrastructure and deepening its integration capabilities within the broader enterprise software stack. As the demand for real-time location intelligence continues to surge across sectors such as retail, logistics, and urban planning, CARTO is poised to capitalize on its technological lead. The company will likely prioritize the expansion of its data ecosystem, fostering deeper partnerships with cloud providers and CRM platforms to ensure seamless data interoperability. By continuing to invest in its specialist advisory services and platform innovation, CARTO aims to maintain its trajectory as a dominant force in the spatial analytics market, driving the next generation of location-aware business intelligence.
See full CARTO company page
