What is CARTO?
CARTO operates at the intersection of data science and geospatial technology, offering a specialized location intelligence platform. Its core offerings include advanced mapping, sophisticated spatial analysis tools, and a robust visualization engine designed to derive actionable insights from location-based data. Beyond its platform, CARTO provides a comprehensive location data catalog, professional services, and expert advisory support. Headquartered in New York, New York, with additional offices in Madrid, Seville, and London, CARTO serves a global clientele seeking to leverage spatial data for strategic decision-making.
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 Earlybird, Vitamina K Venture Capital, and Kibo Ventures
Private Equity (2015): $6.7M, investors not publicly disclosed
Series B (2015): $23M supported by Earlybird Venture Capital, Accel Partners, and Kibo
Series C (2021): $61M featuring Salesforce, Accel, Hearst, Insight Partners, Earlybird, European Investment Fund, and Kibo
Key Investors in CARTO
Earlybird Venture Capital
Earlybird Venture Capital, founded in 1997, is a venture capital investor focused on European technology innovators, investing in technology, medical, and related sectors from its headquarters in Berlin, Germany.
Accel Partners
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, focusing on supporting innovative companies and entrepreneurs.
Kibo
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, emphasizing a hands-on approach and strategic support.
What's next for CARTO?
The recent major strategic investment in CARTO signals a pivotal stage for the company, likely indicating a focus on scaling operations, enhancing its technological capabilities, and potentially expanding its market reach. As a company that has consistently attracted substantial backing, CARTO is well-positioned to further solidify its leadership in the spatial data science and location intelligence market. Future developments may include deeper integration with enterprise systems, advancements in AI-driven spatial analytics, and broader adoption of its platform across various industries requiring sophisticated geospatial insights.
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