A Philly mapping software company has plans to grow its team and share data in 2024, spurred along by new funding from local investors.
PolicyMap closed a $3 million Series A round in December led by local financier and policy research firm Reinvestment Fund, its former parent company. Ben Franklin Technology Partners, Spring Point Partners, PolicyMap board members, friends and family also contributed to the 13-month-long round.
“This is the first time we’ve had investors outside of Reinvestment Fund — investors with capital who want to help us grow, which is really exciting,” Maggie McCullough, CEO of PolicyMap, told Technical.ly.
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