How Much Did SafeGraph Raise? Funding & Key Investors

SafeGraph has successfully raised funding over four rounds, with the latest being a Secondary Market round. The company is backed by 35 investors, including Akkadian Ventures and Alexander Rosen.

Keep reading to explore the intricacies of SafeGraph's fundraising journey and the investors supporting this data-driven platform.

What Is SafeGraph?

SafeGraph is a private company based in Denver, Colorado, specializing in providing accurate geospatial data. The company operates in the fields of Analytics, Artificial Intelligence (AI), Machine Learning, and Software.

Founded to accelerate machine learning and AI, SafeGraph maintains data sets that are crucial for various applications. The company employs between 51-100 people, making it a significant player in its industry.

How Much Funding Has SafeGraph Raised?

1. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: January 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's operations and initial product development.
2. Series A
   • Amount Raised: USD 16,000,000
   • Date: April 2017
   • Lead Investors: Ridge Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations, expand the team, and further develop the product.
3. Series B
   • Amount Raised: USD 45,000,000
   • Date: March 2021
   • Lead Investors: Sapphire Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To capitalize on the expanding international market and offer new data purchasing options.
4. Secondary Market
   • Amount Raised: Not publicly disclosed
   • Date: August 2021
   • Lead Investors: Akkadian Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.

Total Amount Raised: USD 61,000,000

Current Valuation: Not publicly disclosed

Key Investors

• Akkadian Ventures
  • Details: Akkadian Ventures is a venture capital firm that focuses on providing liquidity to early investors and employees through secondary market transactions. They have been a lead investor in SafeGraph's funding rounds.
  • Investment Focus Areas: Secondary market transactions, technology, growth-stage companies.
  • Notable Investments: Not publicly disclosed.
• Sapphire Ventures
  • Details: Sapphire Ventures is a venture capital firm with over $5.7 billion in assets under management, investing in innovative startups and technology-focused venture funds globally. They led SafeGraph's Series B funding round.
  • Investment Focus Areas: Growth-stage technology companies, innovative startups, technology-focused venture funds.
  • Notable Investments: LinkedIn, Box, Square.
• Ridge Ventures
  • Details: Ridge Ventures is a venture capital firm that focuses on early-stage investments in enterprise software and infrastructure. They participated in SafeGraph's Series A funding round.
  • Investment Focus Areas: Early-stage enterprise software, infrastructure, technology startups.
  • Notable Investments: Fastly, Discord, Braze.
• DNX Ventures
  • Details: DNX Ventures is a venture capital firm that invests in early-stage B2B startups. They participated in SafeGraph's Series B funding round.
  • Investment Focus Areas: Early-stage B2B startups, technology, innovation-driven companies.
  • Notable Investments: Auth0, DroneDeploy, Vymo.
• Peter Thiel
  • Details: Peter Thiel is a well-known entrepreneur and venture capitalist, co-founder of PayPal and Palantir Technologies. He participated in SafeGraph's Series B funding round.
  • Investment Focus Areas: Technology startups, disruptive innovation, high-growth companies.
  • Notable Investments: Facebook, SpaceX, Airbnb.

What's Next for SafeGraph?

SafeGraph stands at the cusp of significant growth opportunities, driven by the expanding international market for location data. With plans to launch in the United Kingdom and a growing demand for geospatial data across various sectors, the company is well-positioned to capitalize on these trends. The global location intelligence market is projected to reach $32.8 billion by 2027, offering SafeGraph a substantial opportunity to expand its footprint.

Future fundraising rounds are likely as SafeGraph continues to innovate and scale its operations. The company's recent $45 million Series B funding, led by Sapphire Ventures, underscores investor confidence in its growth potential. As SafeGraph expands into new markets and enhances its data offerings, additional capital will be essential to support these initiatives.

However, the path forward is not without challenges. Regulatory scrutiny and competition from other data providers like AirSage and Factual could pose significant hurdles. Additionally, maintaining data accuracy and navigating privacy concerns will be critical as the company scales. Despite these challenges, SafeGraph's robust growth metrics and strategic vision position it well for future success.

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