$25 million in funding for UrbanFootprint, a city data specialist
May 20, 2022
US-based UrbanFootprint has raised $25m in a Series B funding round, which it will use to accelerate its delivery of climate and community intelligence to the energy, government, finance sectors and real estate.
UrbanFootprint provides data on climate, land use, economic and social conditions, combined with targeted information that maps and measures risk and opportunity. Customers using the company’s industry-specific data products and mapping tools can focus on any region of the country and assess existing conditions across hundreds of community, social and environmental measures; measure and map market risks and opportunities, and prioritize where to deploy interventions and investments.
The new funding round was led by Citi (through its Citi Ventures and SPRINT groups) and Social Capital, with participation from new investors 2150, A/O PropTech, Assured Guaranty and Dcode Capital, and previous investors Valo Ventures and Radicle Impact. Jeff Meyers, Principal and Principal Investor at Citi Ventures, comments, “UrbanFootprint’s deep experience in urban planning, data science, and location analytics software empowers any business and any governments to make smarter and faster decisions about where to best invest.”
The company, which is led by co-founder and CEO Joe DiStefano (pictured), is online at www.urbanfootprint.com.