SaaS

$21M to map it all out

May 24, 2022
NextBillion.ai

Where you at? Just ask NextBillion.ai! They build simple mapping and location software solutions to power ride-hailing, deliveries and more. Now, they've just raised a $21M Series B led by Mirae Asset Venture Investments!

  • Their customers are fast-growing startups and enterprises internationally like Gojek, Coca-Cola and Shopee.

Who else cashed in? Microsoft's M12, Lightspeed Venture Partners and Alpha Wave Global joined in.

🧐  Why it matters

Typical mapping solutions don't support the many unique use cases today and are hard to scale. Plus, building all this mapping tech is too complex (and expensive) for companies to develop and manage alone with an in-house team.

Not one-size-fits-all. Ride-hailing, on-demand deliveries, grocery deliveries, last-mile logistics, long-haul trucking, fleet management and emergency services.

  • These verticals all have different use cases and challenges, so they can't all use the same software solutions.

🗺  The map that leads to you

They build enterprise-ready APIs, SDKs and other tools for route optimization, distance matrixes and more. They can even create a custom map for you with your company's data!

  • These help companies deliver faster, plan routes, track vehicles, lower costs, estimate accurate ETAs and more!

Just for you. NextBillion helps you customize their pre-built tech (like their APIs) to fit your business instead of a one-size-fits-all like others. It'll make things even more efficient too! 💁🏻‍♀️

  • Need to input vehicle type, take local rules into account or add other operational and business variables? They've got you.

🌏  World domination

With the cash, they'll be expanding deeper into North America and Europe and supercharging their global operations!

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