Mapping Startup onXmaps Raises $20.3M from Summit Partners
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...