onXmaps Closes $20.3 Million in Growth Equity
onXmaps, Inc., a provider of mobile mapping technology for outdoor adventurers, today announced it has raised $20.3 million in a funding round led by global growth equity investor Summit Partners. Additional investors include Bessemer Venture Partners, Millennium Technology Value Partners, Next Frontier Capital and Steve Burke, CEO of NBCUniversal.
onX helps deliver relevant and rich geospatial data to any device, anywhere. The company aggregates nationwide data on property ownership, trails, permitted land use, and many other parameters. According to the company, hundreds of thousands of customers trust onX to “know where they stand” and to open the off-pavement world to new experiences. Whether users are finding a new hiking destination, a backcountry hunting spot, or an undiscovered fishing hole, onX helps customers participate in outdoor experiences.
According to the company, the capital will be used to expand the teams at onX’s Missoula and Bozeman, MT offices, as well as to continue building out the company’s mapping solutions and to assemble a definitive off-pavement mapping data set.
