SafeGraph secured $45M in Series B Funding Round

SafeGraph, a Denver-based data-as-a-service company focused on the physical places, has now secured $45 million in a Series B funding round.

SafeGraph is founded by Auren Hoffman. It builds data sets for the physical places, covering business listings, building footprints, and aggregated foot traffic data for the millions of points of interest and thousands of brands, including Verizon Media, Ares Management, Sysco, CDC, and Goldman Sachs.

The company offers business listing, building polygon, and foot traffic data for Canada and the United States, with a United kIngdom launch planned for the month of April of 2021.

Executive Opinion

“We’re incredibly excited to partner with Cathy Gao and the Sapphire Ventures team,” said SafeGraph CEO Auren Hoffman. “Cathy brings a wealth of knowledge to the table that will be invaluable while navigating and discovering new markets of data buyers. And Sapphire has deep experience in investing in data businesses. Their team understands what it takes to build category-defining companies.”

“What stands out about SafeGraph is how they’ve been able to quickly position themselves into a major player in the geospatial data industry,” said Cathy Gao, Partner at Sapphire Ventures. “By singularly focusing on providing the highest-quality places data to data science teams, they’ve earned the trust of some of the largest public and private institutions. The efficient growth to-date is a strong indicator of where we think the company is going and Auren’s track record of building consequential data businesses speaks for itself.”

SafeGraph latest funding

The round was backed by the Sapphire Ventures with participation from the DNX Ventures, Alex Rosen of Ridge Ventures, and Peter Thiel.

The company as of now, has plans to use the new funds to expand its business outreach.

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