Deal

CloudMade raises USD 12.3 Million

Sunstone Capital portfolio company CloudMade has raised USD 12.3 million in a Series B investment round led by new investor Greylock Partners.

The company will use the funds to accelerate its work to build the world's most comprehensive map and geo database, and serve this data to developers, device manufacturers and mobile operators through its comprehensive mapping platform.

Sunstone Capital first invested in CloudMade in 2008 and Sunstone Capital partner Jørgen Smidt, states that: "We're pleased to continue our support for CloudMade and the OpenStreetMap initiative."

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FundSunstone Technology Ventures Fund I
Portfolio CompanyCloudMade
Date of Transaction2010-07-27
TransactionFinance round
Seller
Buyer
Size of TransactionUSD 12.3m
Ind. FocusICT
GeographyUnited Kingdom
StageVenture
 

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(2011-07-13)