What is what3words?
Founded in 2013, what3words has revolutionized how we identify and share locations. Its proprietary system assigns a unique three-word address to every 3-meter square on Earth, offering a more precise and user-friendly alternative to traditional street addresses and GPS coordinates. This innovative approach has broad applications across various industries, including logistics, navigation, emergency services, and e-commerce, aiming to standardize location identification globally. The company's commitment to accuracy and accessibility positions it as a key player in the evolving geospatial technology landscape.
How much funding has what3words raised?
what3words has raised a total of $104.4M across 5 funding rounds:
Angel/Seed
$500K
Series A
$3.5M
Series B
$8.5M
Private Equity
$85.9M
Other Financing Round
$6M
Angel/Seed (2013): $500K, investors not publicly disclosed
Series A (2015): $3.5M led by Horizons Ventures and Intel Capital
Series B (2016): $8.5M supported by Force Over Mass Capital, Mustard Seed, Aramex, and Intel Capital
Private Equity (2022): $85.9M featuring German Media Pool
Other Financing Round (2022): $6M, investors not publicly disclosed
Key Investors in what3words
German Media Pool
German Media Pool is a leading European media for equity fund that specializes in scaling consumer-facing start-ups through tailored media services. They invest in venture-backed companies at the scaling stage, combining media services with cash investments from their associated venture capital fund.
Force Over Mass Capital
Force Over Mass is a venture capital firm that focuses on backing contrarian founders and early-stage businesses, leveraging technology to support their growth. The firm aims to deliver superior returns to investors while implementing innovative financial strategies.
Aramex
Aramex is a global logistics, courier, and transportation company headquartered in Dubai, United Arab Emirates. It offers a wide range of services including international and domestic express delivery, freight forwarding, and e-commerce logistics.
What's next for what3words?
With substantial enterprise-level funding and a recent major strategic investment, what3words is poised for accelerated growth. The company is likely to focus on expanding its global reach, enhancing its platform's capabilities, and forging new partnerships across diverse sectors. This infusion of capital will support scaling operations, further research and development into AI-driven location intelligence, and strengthening its market position against competitors. The strategic backing suggests a clear path towards commercialization and widespread adoption of its unique geocoding technology.
See full what3words company page
