Total amount raised
$268.8 Millions
Latest funding date
5/1/2024
Location
Mark43 has successfully raised significant capital through multiple funding rounds, with its latest being a Series E on May 31, 2024. The company has attracted a diverse group of 30 investors, including notable names like Malcolm Turnbull and Empede Capital.
Keep reading to delve into the details of Mark43's funding journey and discover the key investors backing this innovative public safety technology platform.
What Is Mark43?
Mark43, founded on February 1, 2012, in New York, New York, is a leading provider of cloud-based public safety software. The company was established by Flo Mayr, Matt Polega, and Scott Crouch.
Specializing in law enforcement technology, Mark43 offers a suite of products including computer-aided dispatch (CAD), records management systems (RMS), and advanced analytics tools. These solutions aim to enhance the efficiency and effectiveness of public safety agencies.
With a workforce of 251-500 employees, Mark43 continues to innovate and support law enforcement agencies in their mission to ensure community safety and improve quality of life.
How Much Funding Has Mark43 Raised?
- Seed Round
- Amount Raised: $2M
- Date: July 15, 2013
- Lead Investors: General Catalyst, Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish a market presence.
- Grant
- Amount Raised: $75K
- Date: May 1, 2013
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage research and development.
- Series A
- Amount Raised: $10.8M
- Date: August 3, 2015
- Lead Investors: General Catalyst, Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the product and expand the customer base.
- Series B
- Amount Raised: $27M
- Date: April 27, 2016
- Lead Investors: General Catalyst, Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and enter new markets.
- Series C
- Amount Raised: $38M
- Date: March 20, 2018
- Lead Investors: Breyer Capital, General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in advanced analytics tools.
- Series D
- Amount Raised: $50M
- Date: April 1, 2020
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product development.
- Series E
- Amount Raised: $101M
- Date: July 12, 2021
- Lead Investors: The Spruce House Partnership, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new products and expand internationally.
- Series E
- Amount Raised: $40M
- Date: May 31, 2024
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product offerings and support growth.
Total Amount Raised: $268.875M. Current Valuation: Not publicly disclosed.
Key Investors
- The Spruce House Partnership
- Details: The Spruce House Partnership is a private investment firm known for its long-term investment strategy. They focus on sustainable growth and have a reputation for being patient capital.
- Investment Focus Areas: Various sectors, sustainable growth, long-term investments.
- Notable Investments: Not publicly disclosed.
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the technology sector. They are known for their significant investments in tech giants and startups alike.
- Investment Focus Areas: Technology, private companies, public companies.
- Notable Investments: Facebook, LinkedIn, various tech startups.
- Breyer Capital
- Details: Breyer Capital is a global venture capital and private equity firm founded by Jim Breyer. The firm focuses on catalyzing high-impact entrepreneurs in the technology sector.
- Investment Focus Areas: Technology, media, artificial intelligence.
- Notable Investments: Facebook, Etsy, Marvel Entertainment.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in powerful, positive change that endures. They partner with founders from seed through growth stages.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Airbnb, Stripe, Snap.
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups led by creative thinkers. They focus on early-stage investments in the technology sector.
- Investment Focus Areas: Technology, media, consumer internet.
- Notable Investments: Twitter, Oculus, Slack.
What's Next for Mark43?
Mark43 is poised to capitalize on significant opportunities, including the development of new products and international expansion. With a focus on fostering dialogue between public safety agencies and communities, the company aims to enhance its platform capabilities and serve a broader range of agencies, including smaller ones with specialized solutions like Mark43 RMS Essentials.
Future fundraising opportunities appear promising as the company continues to grow its client base and expand internationally. However, challenges such as competition from other public safety software providers and integration with different cloud service providers could pose hurdles. Ensuring data security and compliance across various regions will also be critical as Mark43 navigates its growth trajectory.
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