CHICAGO – Geofeedia, the pioneer in location-based social media intelligence, today announced that it has closed a $3.5M Series A round of financing led by Hyde Park Venture Partners. Blue Vista Ventures and Glade Brook Capital also participated in the investment along with prominent angel investors Tim Kopp (former CMO of ExactTarget), David Gupta (founder and CEO of SDI Enterprises) and Gene Delaney (former president at Motorola), all of whom will be joining the board of advisors. The financing will allow Geofeedia to significantly expand its team, to further accelerate its rapid revenue growth and to invest in continued development of its patented SaaS software platform.
Geofeedia enables organizations to filter and analyze geo-tagged social media content in real-time across multiple sources in any global location. Users search for a city, address or location name, draw a virtual perimeter around their specific area of interest, and access geo-tagged social media content from within those boundaries from Twitter, Facebook, Instagram, YouTube, Flickr, and Picasa in a matter of seconds. From there, users visualize, organize and analyze the geo-tagged social data using five different views, filter and search by keywords, usernames and date ranges, and store or export the data for additional data mining.
“Location-based social media monitoring is transforming the way organizations obtain and respond to intelligence. From marketing and security at the largest mall in the United States to enabling law enforcement to protect more lives, prevent crime and react quickly to crisis, Geofeedia is providing actionable insights that powerfully impact security and brand engagement,” said Phil Harris, CEO and cofounder of Geofeedia. “This financing will propel us to our next stage of growth. This year we’ve grown our revenue over 350% from Q1 to Q3. We expect to more than double our team within the next year and to triple our user base and revenue.”
More than 300 of the world’s leading brands and most respected organizations, including Fortune 500 companies like McDonald’s and Dell, leading news outlets like the AP, BBC and CNN, and major law enforcement agencies like the Los Angeles County Sheriff’s Department, utilize Geofeedia’s powerful subscription-based service to gain real-time, actionable intelligence through hyper-local social media monitoring.
Geofeedia is the market leader in location-based social media monitoring. The company’s patented technology platform allows law enforcement agencies, corporate security groups, marketers and media companies to filter and analyze social media content in real-time across multiple sources from any location in the world. Geofeedia is headquartered in Chicago and was founded in 2011 by Phil Harris, Mike Mulroy and Scott Mitchell. To learn more about Geofeedia visit http://geofeedia.com.