Growth acceleration ahead for deCarta.
deCarta has announced the close of a $15-million Series C-1 expansion round of funding led by existing investor Norwest Venture Partners. Other existing investors, Mobius Venture Capital and Cardinal Venture Capital, were also participants in the round. The financing will be used to accelerate the growth of the organization in new markets and to expand its international reach to further capitalize on deCarta’s industry-leading LBS software platforms.
Founded in 1996 and headquartered in San Jose, CA, deCarta is a geospatial software platform that has enabled some of the industry’s most successful LBS applications such as those deployed by Google, Ask.com, Verizon and Sprint. deCarta’s software platform gives LBS providers and application developers the ability to quickly build applications integrating a wide variety of map and data sources to provide complex mapping, routing and spatial search functions. The company’s non-branded software platform and personal navigation software solutions enable its customers in the Internet, mobile, personal navigation and enterprise markets to customize their mapping application to their own desired unique look and feel. deCarta’s solutions are highly scalable, providing customers with exceptional flexibility, utility and unparalleled performance.
"This round of funding validates the significant momentum and success deCarta has achieved and the tremendous opportunities in the marketplace that lie ahead of us," said J. Kim Fennell, president and CEO of deCarta. “We're thrilled to have the ongoing support of our initial investors in this expansion round, and we plan to use the funds to fully leverage our unique LBS technology to more broadly serve the marketplace."
"The market for location-based products and applications is expanding dramatically worldwide,” said Jeff Crowe, general partner at Norwest Venture Partners. “We are excited about deCarta's leadership position in this burgeoning sector, and are extremely confident in deCarta’s experienced management team and the company’s ability to meet the rising demand for advanced LBS solutions in each of their target markets.”