Missoula, Montana based mapping startup onXmaps has raised a funding of $20.3 million in a Series A round led by global growth equity investor Summit Partners. The round also saw participation from Bessemer Venture Partners, Millennium Technology Value Partners, Next Frontier Capital and NBCUniversal CEO Steve Burke.
This funding is one of the biggest round that any startup in Montana has raised. The new development will be used to expand the teams at its Missoula and Bozeman, Montana, offices, to continue building all aspects of its mapping solutions, and to assemble the definitive off-pavement mapping data set.
onXmaps allows its users to download offline topographic maps, indicating public and private lands and other details that can help a traveler to locate about its surrounding for various activities like- hunting, fishing, camping etc.
“The onX team is incredibly passionate about empowering our customers’ outdoor pursuits by providing the best mobile experience and most relevant data,” said Eric Siegfried, CEO of onX. “This investment enables us to take our solutions and our team to the next level. Whether our customers are hunting big game, looking for the best spot to camp, fishing new water, or walking land ownership boundaries, onX has them covered – now and in the future.”
OnX was founded back in 2009 by Eric Siegfried with a motto of ‘know where you stand’ and delivers geospatial data to any device. The company aggregates nationwide data on property ownership, trails, permitted land use, and many other parameters. It helps the user to track the boundaries of public and private lands while creating custom maps with other information grouped into “layers” for when they’re hunting, fishing or hiking.
The onXmaps covers around a billion acres of public land and around 121 million private properties as per the company reports. The maps of these areas can be downloaded and and use their mobile phone’s GPS to keep track of their locations. The app has over 400,000 miles (643,737 km) of trail that is available for reference.
“In many ways, the onX story represents the quintessential entrepreneurial journey. Eric founded onX to address a major gap in the outdoor recreation market and bootstrapped the business to an impressive scale,” said Greg Goldfarb, Managing Director at Summit Partners and onX board member. “onX HUNT combines the power of the nearly ubiquitous global positioning receivers that are now in every smart phone with layers of mapping information to help users get the most from their time in the wild. We are excited to partner with the onX team for this next phase of growth.”