What is Citymart?
Citymart operates as a global marketplace dedicated to cities, with operational hubs in Copenhagen, Denmark, and Barcelona, Spain. The organization collaborates with over 80 cities and more than 1,000 companies and research centers across Europe, Africa, Asia, and the Americas. Its core mission is to facilitate market access for service innovation within urban environments, addressing key technological, organizational, and trade barriers. Citymart's unique program, LLGA| Cities Pilot the Future, has garnered recognition from prominent global entities such as the Clinton Global Initiative, the UN Global Compact Cities Programme, and Ashoka Innovators for the Public, highlighting its transformative impact on enhancing decision-making, transparency, and accountability in cities worldwide.
How much funding has Citymart raised?
Citymart has raised a total of $500K across 1 funding round:
Private Equity
$500K
Private Equity (2016): $500K with participation from Omidyar Network
Key Investors in Citymart
Omidyar Network
Omidyar Network is a philanthropic investment firm focused on shaping the digital revolution to promote shared power, prosperity, and possibility. They engage with a diverse network of visionaries and innovators to influence critical areas of culture, governance, business, and technology, advocating for intentional choices regarding technology's impact on society.
What's next for Citymart?
The substantial enterprise-level funding indicates Citymart is poised for significant scaling and expansion. This capital infusion is expected to fuel further development of its global marketplace, enabling the company to deepen its reach into existing markets and explore new geographical territories. Strategic investments like this typically empower companies to enhance their technological infrastructure, broaden their service offerings, and strengthen partnerships with cities and corporations, thereby accelerating their mission to foster urban innovation and efficiency on a global scale.
See full Citymart company page
