World News: deCarta raises $15m in expansion round of funding

Sharon

Sharon Gill

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27th July 2007

deCarta has closed a $15 million Series C-1 expansion round of funding that will be used to accelerate growth in new markets and expand the company’s international reach.

The San Jose, California-based geospatial software company has enabled some of the industry’s most successful LBS applications such as those deployed by Google, Ask.com, Verizon and Sprint.

“The market for location-based products and applications is expanding dramatically worldwide,” said Jeff Crowe, general partner at Norwest Venture Partners, one of deCarta’s investors. “We are excited about deCarta's leadership position in this burgeoning sector, and are extremely confident in deCarta’s experienced management team and the company’s ability to meet the rising demand for advanced LBS solutions in each of their target markets.”