Jan 28, 2022

2 Minutes Read GIS data and analytics software company  Urban SDK  announces that it has raised an additional $715,000 in funding to close out its seed round of $4.5 million. The Jacksonville-based startup has received its latest funding from  venVelo , a Central Florida-based venture capital fund focused on investing in early stage Florida-based companies. “We like the platform that Urban [SDK] is building, which will help revolutionize the planning process for transportation infrastructure. We are excited about their work with autonomous vehicles, which should position them as a leader in planning for Smart Cities,” said Richard Harem, Board Member of venVelo. Urban SDK is a business intelligence platform that provides data-driven optimization for the real world. The platform provides a data visualization studio for customized GIS mapping and analytics; a data hub with enriched location and point of interest data for purchase; quantum data modeling; and a cloud-supported workspace designed to help users share and collaborate on data projects within organizations. In 2021, Urban SDK grew 250%, expanding its footprint to every major market in Florida, five states, and parts of Canada. Forecasting another 300% growth in 2022, January saw the company launch its new website, introduce an on-demand Data Hub for direct-to-consumer data purchases, open two new state public-sector markets, and further its push into the private sector. “Last year was a big year for us, and it’s been wonderful to see the momentum carry over into 2022,” said Drew Messer, Co-founder and CEO of Urban SDK. “We’re excited to continue our mission of enabling data-driven decision-making, and feel very fortunate to have great partners that share our vision.” VenVelo joins a round led by  DeepWork Capital , a fellow venture capital firm that invests in early-stage Florida-based companies, that also includes the  Florida Opportunity Fund  and  Techstars . “We are delighted to follow on our earlier investment in the company and lead this round with the participation of Florida Opportunity Fund, further demonstrating the public-private partnership for investing in Florida entrepreneurial companies. Over the past year, the company has progressed nicely and met its operating plan. With the backdrop of the $1.2 trillion ‘Infrastructure Investment and Jobs Act’ recently enacted, the company is poised for explosive growth,” said Mitchel Laskey, managing partner of DeepWork Capital. “This is a wonderful opportunity,” said Urban SDK’s Co-founder and COO Justin Dennis. “We’ve evolved so much as a company and a product from our inception — from a transportation visualization offering to a full suite of data management tools. This new investment will help us take the next step in becoming the standard for the modern data stack.” TAGS