EcoMap Technologies Raises $3.5M in Seed Series 2 to Fuel Next-Gen Product Development | The EcoMap Tech Blog
Summary
The new capital will be used to fuel expansion into new ecosystems, and fund the development of EcoMaps next-generation product, EcoMap One, a fully AI-integrated version of the companys platform.EcoMaps software curates detailed information about the organizations, resources, opportunities, activity, and relationships within any ecosystem, including business communities, industries, and institutional networks. EcoMaps tools are used by over 65 economic development agencies, ecosystem building organizations, universities, foundation, and other organizations including Venture for America, the Aspen Institute, T.Rowe Price, and the State of Indiana.Were thrilled to have the support of both existing and new investors as we continue to experience strong demand from ecosystems across the world, said Pava LaPere, CEO & cofounder of EcoMap Technologies. EcoMaps amazing culture is built off of their exceptional founders, and every customer we spoke to felt that the product has been transformational for their organization. As part of the raise, McLoughlin will be joining the Board of Directors.After EcoMaps tremendous growth in the last year, we are excited to support them in this next phase. We are equally excited about the growth of the ecosystem market more broadly, as more organizations realize the importance of understanding and leveraging the networks they work within.In the past year, EcoMap has tripled the number of ecosystems they serve, opened their first headquarters in Baltimore for their team of 30, and launched a new product, the EcoBot Chatbot.