Retail, CPG, logistics location intelligence startup dataplor secures Series A funding round led by Spark Capital
Global location intelligence provider, dataplor, has announced a $10.6 million Series A funding round led by Spark Capital.
This takes the total raised to date to $20.3 million.
The round, which included participation from Quest Venture Partners, Acronym Venture Capital, Circadian Ventures, Two Lanterns Venture Partners and APA Venture Partners, will boost dataplor’s expansion plans, as it looks to build “the most accurate, comprehensive and dynamically updated database of global Point of Interest (POI) data on the market”.
It currently offers data coverage across more than 200 countries and territories, encompassing over 300 million locations and 15,000+ brands.
Companies in industries including technology, mapping, search, third party logistics, consumer packaged goods (CPG), telecom, investing, real estate and finance tap dataplor’s global coverage to power strategic decisions and investments.
“Our mission has always been about unlocking the true potential of POI data, making it accessible and actionable at a global scale,” says Geoff Michener, CEO and Founder at dataplor.
“This funding validates our vision and market leading product and empowers us to accelerate our efforts, driving growth while aligned to our core values of accuracy, quality and privacy.”
dataplor merges technologies including artificial intelligence, machine learning, LLMs, and a purpose built technology platform with a global team of human validators.
“dataplor solves a critical gap for companies seeking to scale in international markets: accurate, actionable data that unlocks business opportunities,” says Alex Finkelstein, General Partner at Spark Capital.
“We see a massive potential market opportunity ahead for dataplor, but we’ve also been impressed by their traction, winning dozens of Fortune 500 customers and growing revenue by an average of 2.5x year-over-year since 2020. We’re very confident in this company’s bright future.”
Finkelstein will join dataplor’s board of directors, which includes John Frankel, founding partner of ffVC.
Continue reading…