Home News Business OpenGeo completes $3 million series ‘A’ financing

OpenGeo completes $3 million series ‘A’ financing

US: OpenGeo has announced a $3 million Series A investment from Vanedge Capital of Vancouver, British Columbia. Simultaneous with the funding event, the company has spun out from its incubator parent, OpenPlans, and is boosting OpenGeo’s product and customer-support initiatives.

“We are thrilled to be working with Vanedge.” said Eddie Pickle, OpenGeo CEO. “The Vanedge team understands the huge opportunity in the geospatial software space. Their investment is very timely given the tremendous demand for open source, Spatial IT solutions among government and commercial enterprises worldwide.”

Source: OpenGeo