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MapAnything gets $42.5 million to expand "Location-of-Things" services

Charlotte based MapAnything, a provider of location services for the likes of Pendo, Maritim Hotels, Lunchr, Dyax and Valvoline just closed on $42.5 million Series C funding from new investors GM Ventures, GlobalTranz CEO Andrew Leto and existing investors Salesforce Ventures, Greycroft, Harbert Growth Partners, and David Stern.

As part of this investment, Andrew Leto will be joining the company's board. MapAnything is aiming to expand ledership in what is dubbed as the "Location-of-Things" market. It provides location services for various industries ranging from Fleet Management Software Solutions to Data for prospecting & lead Generation to guides for Multi-day Routing Optimization and several others.


It currently offers these solutions to to some of the world's largest financial, manufacturing and CPG companies in the Fortune 500 and Forbes Global 2,000. It'll make use of this funding to to expand its reach in key markets, broaden its developer community …

NIO said to be seeking pre-IPO investment at $6.5 Billion valuation

NIO

Chinese EV manufacturer NIO on the heels of officially filing for a $1.8 Billion IPO set to take place on the NYSE has now been reported by China Money Network to be aiming for a pre-IPO funding round which would value the 4 year old automaker at $6.5 Billion citing Chinese media insiders.

This would see the company currently valued at $5 Billion jump in value before its debut on public markets shortly after beginning sales of its first mass market electric vehicle in China which has clocked well over 1,000 sales last month alone.

For the first half of this year, NIO reported total revenues of just nearly $7 million having not began sales during the period and will have to show good revenues and standing in the EV market to achieve a good value on the stock market as it's set to become the first Chinese EV unicorn to list on a U.S. stock exchange.

As of July ending, NIO reported it had received over 17,000 reservations for its ES8 vehicle waiting to be fulfilled as the company ramps up production to deliver on time to consumers in the very competitive EV market.

NIO's most recent round saw it raise $1 Billion with Tencent leading this round for the EV manufacturer formerly known as NextEV which counts the likes of Baillie Gifford, Baidu, IDG, Sequioa, Temasek and several notable names among its backers.

With China being the largest EV market on a global scale, NIO aims to dominate this market as it takes on competition from Tesla, Geely, Byton, Xpeng and other major companies in the region having raised over $2 Billion across several rounds making use of the vast capital to set up locations across key global markets and EV sectors.


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MapAnything gets $42.5 million to expand "Location-of-Things" services

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