CartoDB Raises $23MM in Series B Funding to Bring Location Analysis and Data Visualization to the Masses 

Accel Partners Leads Round with Participation from Earlybird, Kibo
and Salesforce Ventures 

NEW YORK–(BUSINESS WIRE)–CartoDB,
the leading company for location data analysis and visualization, today
announced that it has closed a $23 million Series B investment round,
led by new investor Accel Partners, with additional participation from
new investor Salesforce Ventures and existing investors Earlybird
Ventures and Kibo Ventures. The investment brings CartoDB’s total
funding since launch to $31 million. It will be used to accelerate
product development, increase global awareness of CartoDBsolutions, and
expand sales and partnership programs worldwide. As part of this
investment, Harry Nelis of Accel joins the CartoDB Board of Directors.

Location intelligence helps organizations and individuals comprehend the
world around them to improve their businesses and lives respectively.
However, it is not yet used to its full potential, as most analysis and
visualization solutions have highly-complex user interfaces and require
specialist skills to operate. CartoDB has quickly evolved from its
origins as a digital mapping startup to an easy-to-use and comprehensive
data analysis solution. It aims to democratize the industry so that
anyone can harness location intelligence to better understand the world,
markets, customers and events taking place around them.

“The market for location intelligence is snowballing,” said Javier de la
Torre, CartoDB co-founder and CEO. “There are unprecedented
opportunities for companies in virtually every industry to leverage this
data in valuable ways, and we’re determined to help make it easy. We’re
thrilled to have the support of our community and investors to extend
our reach and bring this value to more markets.”

Since launch, CartoDB has experienced rapid growth and in the last 12
months has:

  • Become enterprise ready and grown adoption by 250 percent, with a
    client roster including names like Amtrak, Axa, BBVA, Deloitte, Google
    Trends, Mexico City, National Park Service, New York City, Royal Bank
    of Scotland, and Twitter.
  • Increased individual customer adoption by 350 percent, generated 2.5x
    the number of live maps each month, and delivered 2.6x the number of
    monthly map views.
  • Doubled its number of employees and opened its global headquarters in
    Brooklyn, New York.

“You shouldn’t have to be a data scientist to make use of location
data,” said Sergio Alvarez, CartoDB co-founder and Chief Product
Officer. “We’re building something radical and creating the easiest
mapping tool, which taps into the analytical left and creative right
sides of the brain with a seamless user experience.”

Harry Nelis, Partner at Accel, said, “We have been extremely impressed
by the CartoDB founding team’s depth of expertise, and how they’ve been
able to change the historically complex GIS analytics market into
something that any business analyst can navigate. As location data
becomes a core and distinct category within business intelligence, there
is a significant opportunity for their unique product, and we’re excited
to help them seize it.”

CartoDB
CartoDB leads the world
of location intelligence and data visualization, empowering any
organization and individual to extract valuable insights from location
data. CartoDB transforms layers of geospatial information into data
driven maps that enable visual discovery of trends and patterns to make
better, faster decisions. CartoDB’s technology is used together with big
data and real-time systems to develop custom location intelligence
applications. CartoDB’s self-service web platform allows anyone to
effortlessly connect location data to gain insights through simple
analysis and visualizations with no coding skills. CartoDB is
spearheading the democratization of location intelligence, permitting
anyone in industries such as financial, government, journalism,
education, and scientific to map and understand their world’s data in a
more meaningful way. CartoDB launched in 2012 and is headquartered in
New York. See more at cartodb.com.

Accel
Accel is a leading early
and growth-stage venture capital firm, powering a global community of
entrepreneurs. Accel backs entrepreneurs who have what it takes to build
a world-class, category-defining business. Founded in 1983, Accel brings
more than three decades of experience building and supporting hundreds
of companies. Accel’s vision for entrepreneurship and business enables
it to identify and invest in the companies that will be responsible for
the growth of next-generation industries. Accel has backed a number of
iconic global platforms, which are powering new experiences for mobile
consumers and the modern enterprise, including Atlassian, BlaBlaCar,
Dropbox, Etsy, Facebook, Flipkart, Funding Circle, Kayak, QlikTech,
Simplivity, Slack, Spotify, Supercell, World Remit and others.

Salesforce Ventures
Salesforce
Ventures—Salesforce’s corporate investment group—invests in the next
generation of enterprise technology to help companies connect with their
customers in entirely new ways. Portfolio companies receive funding as
well as access to the world’s largest cloud ecosystem and the guidance
of Salesforce’s innovators and executives. With Salesforce Ventures,
portfolio companies can also leverage the expertise of the Salesforce
Foundation to incorporate its 1-1-1 model of integrated philanthropy to
make giving back part of their business model. Salesforce has invested
in more than 150 enterprise cloud startups since 2009. For more
information, please visit salesforce.com/ventures.

Contacts

for CartoDB
Brittany Stone, 214-893-9831
cartodb@moxiegrouppr.com