How Much Did Dataplor Raise? Funding & Key Investors

Dataplor has successfully raised $10.6 million in a Series A funding round, with notable investors such as Quest Venture Partners, APA Venture Partners, and Spark Capital. The platform specializes in location intelligence, offering real-time data verification, augmentation, and market research on local firms using advanced machine learning and artificial intelligence models.

Keep reading to explore the intricacies of Dataplor's fundraising journey and the investors backing this innovative platform.

What Is Dataplor?

Founded in 2018 by Geoffrey Michener, Dataplor is a prominent player in the location intelligence industry. The company is headquartered in Los Angeles, California, and employs between 51 to 100 people.

Dataplor specializes in providing real-time data verification, augmentation, and market research on local firms using advanced machine learning and artificial intelligence models. Their services are trusted by many of the world's largest companies, offering dynamically updated, human-reviewed mobility and point of interest (POI) data.

How Much Funding Has Dataplor Raised?

1. Pre-Seed Round
   • Amount Raised: $765K
   • Date: July 2018
   • Lead Investors: ff Venture Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the initial development and launch of Dataplor's location intelligence platform.
2. Seed Round
   • Amount Raised: $2M
   • Date: July 2019
   • Lead Investors: HATCHER+, Quest Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Dataplor's data collection capabilities and enhance its AI models.
3. Seed Round
   • Amount Raised: $4M
   • Date: July 2020
   • Lead Investors: Space Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and improve the accuracy of location data.
4. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: December 2022
   • Lead Investors: Acronym Venture Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop Dataplor's market research capabilities and expand its client base.
5. Series A
   • Amount Raised: $10.6M
   • Date: April 2024
   • Lead Investors: Spark Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance Dataplor's global location data intelligence capabilities and expand its database of global Point of Interest (POI) data.

Total Amount Raised: $17.365M

Current Valuation: Not publicly disclosed

Key Investors

• Spark Capital
  • Details: Spark Capital is a venture capital firm that invests in startups across various stages. Alex Finkelstein, a General Partner at Spark Capital, will join Dataplor’s board of directors.
  • Investment Focus Areas: Technology, Media, Consumer
  • Notable Investments: Twitter, Slack, Oculus
• Acronym Venture Capital
  • Details: Acronym Venture Capital is known for investing in early-stage technology companies. They participated in Dataplor's Series A funding round.
  • Investment Focus Areas: Technology, AI, Big Data
  • Notable Investments: Not publicly disclosed
• Space Capital
  • Details: Space Capital focuses on investing in the space economy. They led Dataplor's $4M seed round in July 2020.
  • Investment Focus Areas: Space, Technology, Data
  • Notable Investments: Not publicly disclosed
• HATCHER+
  • Details: HATCHER+ is a venture capital firm that leverages AI to make investment decisions. They were a lead investor in Dataplor's $2M seed round in July 2019.
  • Investment Focus Areas: AI, Technology, Fintech
  • Notable Investments: Not publicly disclosed
• Quest Venture Partners
  • Details: Quest Venture Partners is a venture capital firm that invests in early-stage technology companies. They participated in both the seed and Series A funding rounds for Dataplor.
  • Investment Focus Areas: Technology, AI, Consumer
  • Notable Investments: Not publicly disclosed

What's Next for Dataplor?

Dataplor's future looks promising as it aims to expand its global Point of Interest (POI) data coverage, building a more comprehensive and dynamically updated database. With data on over 300 million locations and 15,000 brands, the company is poised to serve a wide range of industries, including technology, mapping, and finance. This massive market potential, coupled with a 2.5x year-over-year revenue growth, sets the stage for significant opportunities.

Future fundraising seems likely, given the strong investor interest demonstrated in the recent Series A round. As Dataplor continues to grow, additional funding rounds could support further expansion and technological advancements. However, challenges such as maintaining data accuracy, ensuring privacy, and scaling operations will need to be addressed to sustain this growth trajectory.

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