How Much Did MetaMap Raise? Funding & Key Investors

MetaMap has successfully raised funding over three rounds, with the latest being a Series B round. The company is backed by 24 investors, including notable names like Sprint VC, Titan Capital, and Tribe Capital.

MetaMap's platform offers solutions for KYC and AML compliance, customer onboarding, authentication, and financial risk management. Keep reading to explore the intricacies of MetaMap's fundraising journey and the investors backing this innovative platform.

What Is MetaMap?

MetaMap, based in San Francisco, California, is a customer identity platform that has carved a niche in various industries, including computer vision, consulting, identity management, information technology, internet, reputation, SaaS, and software. The company has a workforce of 251-500 employees.

MetaMap's platform is designed to help businesses make more informed decisions by customizing verification processes to their needs. It offers solutions for KYC compliance, customer onboarding, financial risk management, and authentication, serving a wide range of industries such as banking, fintech, transportation, and telecommunications.

How Much Funding Has MetaMap Raised?

1. Seed Round
   • Amount Raised: USD 3,000,000
   • Date: May 2020
   • Lead Investors: Spero Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and establish a market presence.
2. Series A
   • Amount Raised: USD 13,500,000
   • Date: November 2020
   • Lead Investors: Tribe Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand into new markets.
3. Series B
   • Amount Raised: USD 70,000,000
   • Date: December 2021
   • Lead Investors: Tribe Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support product development and international expansion, particularly in India.

Total Amount Raised: USD 86,500,000. Current Valuation: Not publicly disclosed.

Key Investors

• Tribe Capital
  • Details: Tribe Capital is a venture capital firm that invests in early-stage technology companies. They led MetaMap's Series B funding round.
  • Investment Focus Areas: Early-stage technology companies.
  • Notable Investments: Slack, Carta, Front.
• Craft Ventures
  • Details: Craft Ventures is a venture capital firm focusing on early-stage and growth-stage investments in technology companies. They participated in MetaMap's Series B funding round.
  • Investment Focus Areas: Early-stage and growth-stage technology companies.
  • Notable Investments: SpaceX, Bird, Reddit.
• Alameda Research
  • Details: Alameda Research is a quantitative cryptocurrency trading firm and liquidity provider. They participated in MetaMap's Series B funding round.
  • Investment Focus Areas: Cryptocurrency, blockchain technology.
  • Notable Investments: FTX, Serum, Solana.
• Titan Capital
  • Details: Titan Capital is an investment firm that focuses on early-stage technology startups. They participated in MetaMap's Series B funding round.
  • Investment Focus Areas: Early-stage technology startups.
  • Notable Investments: Ola, UrbanClap, Razorpay.
• Jerry Murdock (Insight Partners)
  • Details: Jerry Murdock is the co-founder of Insight Partners, a global private equity and venture capital firm. He participated as an angel investor in MetaMap's Series B funding round.
  • Investment Focus Areas: Technology, software companies.
  • Notable Investments: Twitter, Shopify, DocuSign.

What's Next for MetaMap?

MetaMap is poised for significant growth, with opportunities in product development and international expansion, particularly in India. The company plans to increase its headcount in India to 150 people and onboard Indian fintechs, marketplaces, and crypto exchanges as customers. This expansion could open doors for future fundraising rounds to support further growth and development.

However, MetaMap may face challenges such as integrating fragmented databases and building easy-to-use API integrations. Additionally, scaling operations and retaining customers in competitive sectors like fintech and crypto will be crucial. Despite these hurdles, the increasing need for digital trust and reputation management positions MetaMap well for future success.

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