Tech Company Financing Transactions
Magic Lane Funding Round
On 5/13/2024, Magic Lane announced $3.2 million in funding from No Such Ventures and private investors.
Transaction Overview
Company Name
Announced On
5/13/2024
Transaction Type
Venture Equity
Amount
$3,200,000
Round
Undisclosed
Investors
No Such Ventures (Lead Investor) (Thijn van Helvoirt)
Proceeds Purpose
The investment will be used to expand our commercial operations, strengthen marketing initiatives, and deepen partnerships that further develop Magic Lane's presence in new markets.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Narva-Eiland 52
Amsterdam, 1014 ZJ
The Netherlands
Amsterdam, 1014 ZJ
The Netherlands
Phone
Undisclosed
Website
Email Address
Overview
Previously known as Route 66 -- we took it upon ourselves to democratise open data and provide a global, robust and privacy centric Maps, Location and Navigation Platform. We adopted a new name -- Magic Lane -- and set out to do just that. The Magic Lane Maps, Location and Navigation Platform delivers on our promise. It deploys more than 2,000 open data sources -- ranging from maps, elevation and satellite data, weather, points-of-interest, Wikipedia, public transport and address data.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Raymond Alves
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