Details

Last Funding Type

Seed

Last Funding Money Raised

$750K

Industries

Apps,Content,Location Based Services,Mobile,News,Publishing,Video,Video Streaming

Founded date

Jan 1, 2009

Number Of Employee

51 - 100

Operating Status

Active

Originally known as ViewMarket, CultureMap is a local digital lifestyle brand leveraging various technologies to engage with more than 2.5 million users each month. Co-founded by experienced entrepreneurs Alexander Muse and Robert Bennett, the company has raised approximately $1M in seed capital from prominent investors including 500 Startups and Silicon Valley Growth Syndicate (the last valuation was $7.5M pre-money).

Over the past two years the company has developed various web, mobile, video and iBeacon technology platforms to scale a digital lifestyle brand. To that end the company acquired two existing brands including CultureMap and RSVP for stock. By integrating our technology the company is now generating approximately $360K per month in revenue and operating on a breakeven basis. Presently the company has rolled out in Houston, Dallas and Austin (adding San Antonio and Fort Worth in Q4). Our footprint includes a local digital media presence as well as a targeted iBeacon deployment in retail through each market.

The company has begun raising a $5M Series A to expand its digital and iBeacon footprint into New York, Los Angeles, Chicago, San Francisco and Atlanta. Based on current projections the company expects to generate approximately $100M in annual revenue within 36 months following the expansion.