What is CARTO?
CARTO operates at the intersection of data science and geospatial technology, offering a specialized location intelligence platform. Its comprehensive suite includes advanced mapping, sophisticated spatial analysis tools, and a powerful visualization engine designed to derive actionable insights from location-based data. Beyond its core platform, CARTO provides a rich location data catalog, tailored professional services, and expert advisory support. Headquartered in New York, New York, with additional offices in Madrid, Seville, and London, CARTO serves a global clientele seeking to leverage spatial data for strategic decision-making.
How much funding has CARTO raised?
CARTO has raised a total of $98.7M across 4 funding rounds:
Series A
$8M
Private Equity
$6.7M
Series B
$23M
Series C
$61M
Series A (2014): $8M with participation from Kibo Ventures, Vitamina K Venture Capital, and Earlybird
Private Equity (2015): $6.7M, investors not publicly disclosed
Series B (2015): $23M supported by Accel Partners, Earlybird Venture Capital, and Kibo
Series C (2021): $61M featuring European Investment Fund, Kibo, Insight Partners, Earlybird, Hearst, Salesforce, and Accel
Key Investors in CARTO
Earlybird
Earlybird is a venture capital investor focused on European technology innovators, investing in technology, medical, and other related sectors since its founding in 1997.
Kibo
Kibo Ventures is a European technology investment platform supporting early-stage startups with bold ideas, investing in them and assisting in their global scaling efforts.
Insight Partners
Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software companies. Their platform GO supports portfolio company leaders to foster connections and strengthen leadership.
What's next for CARTO?
The substantial enterprise-level funding and recent strategic investment signal CARTO's robust trajectory and its commitment to advancing the field of spatial data science. This capital infusion is poised to accelerate product development, enhance its data catalog, and expand its market reach, particularly within enterprise segments. CARTO's focus on providing a unified platform for mapping, analysis, and visualization positions it to capitalize on the increasing demand for location intelligence solutions across various industries, from urban planning and logistics to retail and sustainability.
See full CARTO company page
