Charlotte-Based Location of Things Software Platform Company MapAnything Raises $42.5 Million

Charlotte, North Carolina-based MapAnything is a Location of Things (LoT) software platform company that works with more than 2,100 global enterprises by combining location intelligence, route optimization, and integrated asset tracking.

Recently, MapAnything announced that it raised $42.5 million in Series C funding from new investors GM Ventures and Andrew Leto. Existing investors Salesforce Ventures, Greycroft, Harbert Growth Partners, and David Stern also participated in this round. Leto — who is the executive chairman at Emerge — is joining MapAnything’s board of directors in conjunction with this funding round.

The Location-of-Things market is expected to hit $27 billion by 2022, according to Markets and Markets. This is driven by the demands of customers in the on-demand economy. And MapAnything is positioned to capitalize on this opportunity within nine years of innovation in the market...

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