Follow The Money: 10 Recent Tech VC Investments To Watch In May


OpenGeo

Headquarters: Brooklyn, N.Y.

CEO: Eddie Pickle
New Funding: $3 Million
Round: A
Backers: Vanedge Capital

This company has developed an open-source software platform used for the management and sharing of spatial data to deploy solutions for web mapping, transportation, telecommunications, and similar solutions. The investment is intended to be used for further product development and additional training initiatives. The new investment also enables OpenGeo to spin off from tech incubator OpenPlans, which founded the company in 2002.