$25m Funding for City Data Specialist UrbanFootprint

US company UrbanFootprint has raised $25m in a Series B round of funding, which it will use to accelerate its delivery of climate and community intelligence to the energy, government, finance and real estate sectors.

UrbanFootprint delivers data about the climate, land use, economic and social conditions, combined with targeted insights that map and measure risk and opportunity. Customers using the firm's sector-specific data products and mapping tools can home in on any area in the country and evaluate existing conditions across hundreds of community, social and environmental metrics; measure and map risk and market opportunities, and prioritize where to deploy interventions and investments.

The new funding round was led by Citi (through its Citi Ventures and SPRINT groups), and Social Capital, with participation from new investors 2150, A/O PropTech, Assured Guaranty, and Dcode Capital, and previous investors Valo Ventures and Radicle Impact. Jeff Meyers, Director and Principal Investor at Citi Ventures, comments: 'UrbanFootprint's deep domain experience in urban planning, data science and location analytics software enables all enterprises and governments to make smarter and faster decisions about where to optimally invest'.

The firm, which is led by co-founder and CEO Joe DiStefano (pictured), is online at www.urbanfootprint.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.