Bath-based digital mapping company Living Map has completed an £850,000 funding round.
The round was led by existing investors Committed Capital and Mercia Asset Management.
Living Map’s software allows companies to locate and track assets or people in real time in outdoor and indoor spaces. It can also map air quality in different parts of a city.
According to the business, the funding will support the continued roll-out of a new service to guide passengers transferring between flights at airports without the need for a staff member to assist them.
The digital app is already in use by Singapore Airlines and further roll-outs are planned for 2021, the company said.
Dominic Hazlehurst, Living Map’s chief executive said: “We are delighted with the considerable support we have received from our investors.
“With the opportunities that are available to us across our key industry verticals and armed with the technology to realise them, we anticipate an incredibly exciting period in the business’s development next year and beyond.”
The latest funding follows two earlier rounds in 2018 and 2019, and brings the total raised by Living Map so far to more than £4.5million.
Else Thomson, Committed Capital’s investor director for Living Map, said: “While the effect of Covid-19 has had significant short-term consequences for Living Map, we believe the underlying technology and strategy longer term is well worth supporting.
"Along with our financial investing partner Mercia, we are happy to have supported the company in its recent funding round.”
Mercia was investing from its EIS funds under management. Julian Dennard of Mercia added: “Living Map’s technology takes digital mapping to the next level.
"The company has made great progress in expanding its client base, with notable success in the airport sector.
"This funding will support its ongoing business development activity in healthcare and ‘smart cities’, allowing it to build momentum in the post-pandemic era.”
Living Map was founded a decade ago by urban design consultant Tim Fendley and now employs some 25 staff.
The company has produced digital mapping systems for venues such as Canary Wharf, Heathrow Airport and the MET Museum in New York and, more recently, systems to help key workers navigate their way around Bath and the city’s RUH Bath Hospital.
