Funding round
Mapbox Series B
Mapbox, which works in location intelligence solutions in Washington, raised $53M in a Series B round announced on 17 Jun 2015, led by DFJ Growth. 6 firms took part, 1 of them already investors. It is Mapbox's second venture round on record; the one before was a Series A in Oct 2013.
$53M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Mapbox did not disclose a valuation in this round. It came 20 months after Mapbox's Series A. It is 10% of the $507M Mapbox has raised in the venture rounds on record. Mapbox raised again 28 months later: a Series C round of $164M in Oct 2017. Its next priced round, a Series D in Apr 2020, valued it at $1.20B.
Mapbox's funding rounds
Mapbox has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
DFJ Growth led the round with 5 other firms. Foundry had backed Mapbox before.
Lead investor
- DFJ Growth backs 51 venture-backed companies new investor
Also in the round
- backs 24 venture-backed companies new investor
- backs 85 venture-backed companies existing investor
- Thrive Capital backs 130 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- backs 42 venture-backed companies new investor
Joined the board: Randy Glein (DFJ Growth) and Ira Ehrenpreis (DBL Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
222 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 3.5 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 Jun 2015 | $27M | not disclosed | Drive Capital |
| Tech Companies | 19 Jun 2015 | $25M | not disclosed | Hewlett Packard Ventures |
| Tech Companies | 8 Jun 2015 | $25M | $111M | Sutter Hill Ventures |
| Tech Companies | 25 Jun 2015 | $23M | not disclosed | Comcast Ventures |
| Tech Companies | 30 Jun 2015 | $18M | not disclosed | Mithril |
| Tech Companies | 9 Jun 2015 | $8.1M | not disclosed | Square Peg |
| Tech Companies | 3 Jun 2015 | undisclosed | not disclosed | Prelude Ventures |
| Tech Companies | 29 Jul 2015 | $250M | $2.00B | Sequoia Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Mapbox raise in its Series B round?
Mapbox raised $53M in its Series B round, announced in Jun 2015.
Who led Mapbox's Series B round?
DFJ Growth led it, with DBL Partners, Foundry, Thrive Capital, Promus Ventures and Pritzker Group.
What was Mapbox's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
222 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 3.5 times the median.
Did Mapbox raise again after this round?
Yes: a Series C round in Oct 2017 of $164M.