Mapbox announced today that they’ve just raised $52.55 million in a Series B round. That gives the company the fuel to continue building out their platform. The investors come with great backgrounds to feed into the growth of the company. But I want to talk about timing.
This round comes at craziest time I have ever seen in the mapping sector, in fact the whole location sector. Every day new bidders surface for Nokia HERE. The investor boards on TomTom are burning up with a knock-on effect. All of this puts a lot of focus on OpenStreetMap, and a lot of focus now on Mapbox, a huge supporter of OSM and user of OSM data.
Continue reading Timing. Why the Mapbox raise is important now.