New funds will help to enhance its services in cities
UrbanFootprint, The software company for location and urban planning announced that it has raised $11.5 million in Series A of financing. The new funds will be used to enhance its services and increase its customer base in cities. The main targets if the company are urban planners and companies related to energy, mobility, and real estate.
This round of financing was led by Social Capital, Valo Ventures and Radicle Impact. AS per the estimation, by 2050 almost 70% of the world population would have migrated to cities. Authorities and business houses are leaning towards UrbanFootprint to understand cities better. This includes work, commute, zoning, physical and environmental conditions with infrastructural needs.
UrbanFootprint with its cutting edge toolset improves the given scenarios for urban planners that enable better designing the sustainable, equitable and strong communities. The support provided by the company also helps mobility, energy, insurance, real estate, and other industries with actionable data that is beneficial for business in the urban market.
Develop emerging markets for the public interest
Joe DiStefano. CEO of UrbanFootprint said, “Business across every major industry are realizing that to succeed in cities, you need to understand them. By creating easy access to essential planning data and analysis, UrbanFootprint offers a new solution for anyone focused on cities or urban markets to build more efficiently and sustainably.”
Unlike other costly and time-consuming alternates available in the market, UrbanFootprint streamlines the whole process by using one collaborative platform. It makes mapping and evaluation of conditions rather easier. It tests future scenarios and analyzes their impact on the given project.
Blaine Merker, Partner, MD of Gehl said, “At Gehl, we are a bridge between city governments and companies that shape public space, like developers and mobility providers. UrbanFootprint helps us translate cities’ strategic goals on climate, equity, and health to inform products and services offered by the private sector. We are using UrbanFootprint to shape these emerging markets for the public interest.”