Mappedin Secures $24.5M Growth Investment Led by Edison Partners to Map the World’s Indoor Spaces

AI-powered platform has mapped more than 10 billion square feet of indoor space across 86 countries, leading the way to map the 99% of building interiors yet-to-be mapped

WATERLOO, Ontario & NASHVILLE, Tenn.--(BUSINESS WIRE)--Mappedin, a leader in digital mapping technology for indoor spaces, today announced it has raised a $24.5 million growth equity financing led by Edison Partners. Betatron Venture Group also participated. The new funding will support expansion of Mappedin’s spatial technology platform beyond individual buildings toward city-scale indoor mapping deployments, while also expanding access to the company’s mapping infrastructure for first responders, safety organizations and large public venues.

The vast majority of the outside world has been digitally mapped. More than 80% of the world’s road network, for instance, has been captured in digital maps. But for indoors, scalable mapping technology is largely absent. Buildings are generally private and spaces constantly change, creating a reliance on static floor plans and disconnected systems. Using AI and LiDAR technology, Mappedin’s platform enables organizations to create and maintain 3D digital maps of complex indoor environments with a central operational layer that supports real-time navigation, facility operations, security response, and spatial intelligence across large indoor environments.

“We started by helping organizations solve basic navigation challenges inside large venues. Customers, however, are increasingly using these self-designed, dynamic, digital maps, to power far more, from operational intelligence to security coordination,” said Hongwei Liu, CEO and co-founder of Mappedin. “Our technology can translate to a better customer experience at a mall or saving lives in emergency situations. We’re looking forward to teaming with Edison Partners in this next chapter as we extend this unique enterprise solution to additional customers worldwide.”

Organizations already using Mappedin include Simon Property Group shopping centers, Los Angeles International Airport (LAX), and Major League Baseball stadiums. The new funding will accelerate adoption of the company’s spatial mapping platform being deployed as a foundational solution to address the significant gap in digital infrastructure managing the indoor world.

“Mappedin is tackling a problem that has historically been incredibly difficult to solve: how to efficiently digitize and maintain accurate indoor spatial data at scale with operational relevance. Hongwei and his team have built the infrastructure to enable indoor mapping and venue operations – a platform that reflects multiple workflows and high-value use cases across several commercial and public market segments. With billions of square feet already mapped and growing adoption among large enterprise customers, we believe Mappedin is uniquely positioned to become the de facto indoor mapping layer that powers digital experiences, operational intelligence, and safety systems across the built world,” said Ryan Ziegler, General Partner, Edison Partners.

Edison’s investment in Mappedin adds to other digital infrastructure investments, including 120Water, Budderfly, CleanDesign, Overhaul, RapidDeploy, and Seismos. Edison has invested in more than 270 companies, more than half of which have been in the vertical software and enterprise solutions space.

About Mappedin

Mappedin is the platform for digital indoor mapping. The company transforms building floor plans and spatial data into dynamic digital maps that power navigation, operations, analytics, and safety across complex environments. Mappedin’s platform has mapped more than 10 billion square feet of indoor space across 86 countries, supporting destinations including Simon Property Group malls, Los Angeles International Airport, Major League Baseball stadiums, and Hudson Yards.

About Edison Partners

Edison Partners is a leading growth equity firm providing the financial and intellectual capital that CEOs and their executive teams need to grow and scale their companies. The firm’s team brings more than 275 years of combined investing, operating and sector experience to each investment, accessible via the Edison Edge value creation platform, which is tailored to each business’ strategy, stage and operating needs. Edison targets high-growth vertical SaaS, financial technology, healthcare IT and marketplace companies located outside Silicon Valley with $15 million to $50 million in revenue. Investments also include buyouts, recapitalizations, spinouts, and secondary stock purchases. Named as a Top Growth Investment Firm by GrowthCap for multiple years running, Edison’s active portfolio has created aggregated market value exceeding $10 billion. Edison Partners manages $2.2 billion in assets. For more information on Edison Partners, please visit edisonpartners.com and follow on LinkedIn.