# IndoorAtlas

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indooratlas

- Industry: Software
- Headquarters: Oulu, Finland
- Website: www.indooratlas.com
- Total disclosed funding: $4.9M
- Latest round: Series B (Aug 22, 2017)
- Investors on record: 5

## About

IndoorAtlas Ltd. develops sophisticated indoor positioning technologies that enhance navigation and user experience within various environments, offering a range of innovative solutions for businesses.IndoorAtlas Ltd. was founded in 2012 in Oulu, Finland, specializing in indoor positioning solutions. The company was established by Jaakko Suutala, Janne Haverinen, Jari Koliseva, and Mikko Perttunen. The CEO is Erik Piehl. IndoorAtlas has successfully completed 7 funding deals, with the most recent being a Series B round on August 22, 2017, where they raised EUR 3.6 million, led by LY Corporation, alongside Innovestor, SCB10X, and Takoa Invest. This funding round brought the total amount raised to EUR 3.6 million.IndoorAtlas specializes in advanced indoor location-based solutions, offering products like the IndoorAtlas Positioning SDK, which uses a patented multi-layer sensor fusion core for accurate indoor positioning. Their product suite includes IndoorAtlas Wayfinding for customized navigation, IndoorAtlas Geofence for location-triggered interactions, and IndoorAtlas Heatmap for visualizing device movement. Additional tools include Augmented Reality applications and Dwell Time analytics for venue performance optimization, catering to a diverse clientele in industries such as retail, airports, and large venues, with significant usage in Japan, the United States, and Europe.In 2022, IndoorAtlas reported a revenue of EUR 950,966.80, with an EBITDA of EUR -446,163. The company generates revenue through subscription-based models and partnerships across multiple sectors, focusing on B2B relationships. The key products driving revenue include the IndoorAtlas Positioning SDK and the Dwell Time service, which enhance user experiences and operational efficiencies for businesses.In August 2017, IndoorAtlas raised EUR 3.6 million in Series B funding to advance and commercialize its sensor fusion positioning technology. The company is actively designing new products to enhance its offerings and plans to expand into additional geographic markets to further its reach. Specific details about upcoming product releases or targeted regions for expansion have not been disclosed, but the funding will be directed towards supporting these strategic initiatives.

## Funding rounds

- Series B, Aug 22, 2017, $4.2M — LY, Innovestor, SCB10X, Takoa Invest
- Seed, Apr 1, 2013, $0.7M — Mobility Ventures

## Investors

- Mobility Ventures (https://capitalatlas.ai/funds/mobility-ventures) — Seed
- LY — Series B
- Innovestor (https://capitalatlas.ai/funds/innovestor) — Series B
- SCB10X (https://capitalatlas.ai/funds/scb10x) — Series B
- Takoa Invest — Series B