PolicyMap Successfully Secures $3 Million in Series A Funding Round
PolicyMap, a leading provider of geographic data and analytics based in Philadelphia, PA, and Los Angeles, CA, has announced the successful closure of its Series A funding round, raising $3 million.
The funding round was spearheaded by Reinvestment Fund, with notable participation from Ben Franklin Technology Partners, Spring Point Partners, PolicyMap’s board members, employees, and support from friends and family.
PolicyMap, under the leadership of CEO and Founder Maggie McCullough, specializes in simplifying the analysis of geographic data. The company addresses the growing demand for authoritative, relevant, and up-to-date location data through its comprehensive mapping application, analytics platform, and data licensing services. These services find applications across various industries, including market intelligence, site selection optimization, impact evaluation, product development, and academic research. PolicyMap serves over 650 organizations and companies, ranging from government agencies, health-related entities, banks, universities, real estate corporations, nonprofits, to consultants.
Utilization of Funds: The newly acquired funds will be strategically allocated to fuel the company’s growth. PolicyMap plans to invest in new sales and marketing expertise, amplifying its customers’ core use cases. These include community and market intelligence, site selection optimization, impact evaluation, and go-to-market strategies.
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