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Thursday, September 27, 2012

Web Geo Raises EUR M2 and other GIS Funding News

French start-up GIS and location apps developer Web Geo Services has raised EUR 2 million from Seventure Partners, Soridec and Jeremie LR, reports Les Echos. The company will use the funds to increase its R&D investments and accelerate its growth in France and internationally.

The twenty person company was formed in 2009.

- Telecom Paper

How do you fund archeology? How about using the crowd?

DigVentures is an ingeniously designed, self-sufficient crowdsourced archaeology research team that’s just successfully completed its first large scale dig.

But that's only half the story. Those who contribute also get to participate in the analysis of the site, not so different from those who outline crators for NASA. The trick here? They pay for the privilege.

- Daily Crowdsource

Today, Chicago-based Evzdrop announced the launch of its iPhone app, which lets businesses and individuals ‘listen to places through people.’ The app lets people or businesses post ‘drops,’ or information about places, which other app users can find in real-time. The company also announced that it has raised $500,000 in funding from several angel investors, and co-founder David Rush said they plan to use the funding to invest in their team, in addition to bolstering their product development and marketing efforts.

This sounds like a repeat of similar services that have not taken off.

- BetaKit

by Adena Schutzberg on 09/27 at 06:34 AM | Comments | Bookmark and Share

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