# KitLocate

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

- Industry: Software
- Headquarters: Herzliya, Israel
- Website: www.kitlocate.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Nov 23, 2013)
- Investors on record: 2

## About

KitLocate provides advanced location-based services through its Software Development Kit (SDK), enabling businesses to integrate geolocation features into their applications for enhanced user engagement and operational efficiency.Founded in 2011 in Herzliya, Israel, KitLocate specializes in location-based services. In March 2014, KitLocate was acquired by Yandex, with financial terms undisclosed. The company has completed 4 deals, with its latest funding round being a Seed round in which it raised USD 0.75 mn from Entree Capital, totaling USD 0.75 mn in funding.Yandex, after acquiring KitLocate, has incorporated its location-based services into its technological offerings. The core product, an SDK, allows businesses to integrate geolocation functionalities into their applications for various uses, including user engagement and logistics tracking. This SDK serves a diverse client base, from app developers to large enterprises, across North America, Europe, and parts of Asia, focusing on accurate location data to enhance operational efficiency.Yandex generates revenue primarily through its location-based services SDK, which operates on a partnership model. Clients engage in B2B transactions, paying for access based on usage metrics or subscription models. This includes tiered pricing plans tailored to client needs, featuring products with advanced mapping and tracking capabilities.Following its acquisition by Yandex, KitLocate's future growth strategy focuses on expanding its product offerings and entering new markets. There are plans to design additional products that enhance location services, although specific release dates are not provided. The company aims to penetrate further into international markets, particularly in North America and parts of Asia. The funding from the Seed round will support these initiatives, allowing KitLocate to enhance its technological framework and expand its geographical reach.

## Funding rounds

- Seed, Nov 23, 2013 — M12
- Seed, May 1, 2013, $0.8M — Entree Capital

## Investors

- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Seed
- M12 (https://capitalatlas.ai/funds/m12) — Seed