Total amount raised
$4 Millions
Latest funding date
11/01/2020
Location
Title
Mapistry has successfully raised funding to support its mission of providing environmental compliance software for industrial facilities. The platform offers a comprehensive suite of tools designed to streamline inspections, emissions calculations, and reporting.
Keep reading to explore the intricacies of Mapistry's fundraising journey and the investors backing this innovative platform.
What Is Mapistry?
Mapistry, founded in 2013, is headquartered in Berkeley, California. The company was established by Allie Janoch and Ryan Janoch.
Specializing in environmental compliance software, Mapistry offers tools for managing air and water permits, inspections, emissions calculations, and reporting. Their platform is designed to digitize workflows, providing comprehensive oversight and visibility for industrial facilities.
With a team of around 50 employees, Mapistry continues to innovate in the field of environmental compliance, ensuring that businesses can meet regulatory requirements efficiently and effectively.
How Much Funding Has Mapistry Raised?
- Funding Round
- Amount Raised: $2.5 million
- Date: December 2017
- Motivation Behind the Round: To support the company's pivot to a tech-powered environmental consulting business, focusing on stormwater compliance.
Mapistry has raised a total of $2.5 million. The current valuation is Not publicly disclosed.
Key Investors
- Y Combinator
- Details: Y Combinator is a well-known startup accelerator that has funded over 2,000 startups since its inception in 2005. It provides seed funding, advice, and connections to help startups grow.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Airbnb, Dropbox, Stripe
- Social Capital
- Details: Social Capital is a venture capital firm founded by Chamath Palihapitiya. The firm focuses on investing in companies that aim to solve complex societal problems.
- Investment Focus Areas: Healthcare, Education, Financial Services
- Notable Investments: Slack, SurveyMonkey, Box
- Floodgate
- Details: Floodgate is a venture capital firm that invests in early-stage technology companies. It was co-founded by Mike Maples Jr. and Ann Miura-Ko.
- Investment Focus Areas: SaaS, Consumer Internet, Marketplaces
- Notable Investments: Twitter, Lyft, Okta
- 500 Startups
- Details: 500 Startups is a global venture capital firm and startup accelerator. It has invested in over 2,400 companies across 75 countries.
- Investment Focus Areas: Fintech, E-commerce, Edtech
- Notable Investments: Credit Karma, Canva, Udemy
- RRE Ventures
- Details: RRE Ventures is a venture capital firm based in New York City. It focuses on early-stage investments in technology companies.
- Investment Focus Areas: Fintech, Enterprise Software, Consumer Internet
- Notable Investments: BuzzFeed, Venmo, Palantir
What's Next for Mapistry?
Mapistry stands at the cusp of significant growth opportunities, particularly in expanding its consulting services. Leveraging its expertise in stormwater regulation compliance, the company can offer a comprehensive package that includes both software and hands-on consulting. This dual approach has already attracted large clients, such as the city of Fresno and major recycling and construction materials companies.
As environmental regulations become stricter, the demand for compliance solutions is expected to rise, presenting further fundraising opportunities. Mapistry's ability to provide comprehensive solutions makes it an attractive investment for venture capitalists. However, the company faces challenges in explaining its niche industry to investors and adapting to constantly changing regulations.
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