NEWS13 May 2013

PlaceIQ gains $6.75m in series B funding

Financials North America

US — Location analytics company PlaceIQ has raised $6.75m in series B financing.

Lead by US Venture Partners, and including IA Ventures, Valhalla Partners. kbs+ Ventures and several angel investors, the company said the funding will be used to maintain its pace of growth, expansion and hiring for additional positions in sales, operations, marketing and engineering.

“We will be using this additional funding to cement our leadership positioning in the space, ensuring that we are able to continue to bring market defining products and measures – such as the Place Visit Rate to our clients,” said Duncan McCall, CEO and co-founder of PlaceIQ.