GPS navigation app raises over $3 million from investors

Navmii Holdings, a UK headquartered provider of GPS navigation mobile apps, has received £2 million (US$3.13 million) from investors as part of its current funding round. Since launching in late 2009, the company has registered more than 8.2 million users and says it is growing at a rate of more than 550,000 users a month. The Navmii apps (Navmii and Navfee) have achieved the no.1 position on the Apple Apps store in the navigation category in many key markets including the UK, US, Canada, France, Germany, I
July 18, 2012 Read time: 1 min
RSS2196 Navmii Holdings, a UK headquartered provider of GPS navigation mobile apps, has received £2 million (US$3.13 million) from investors as part of its current funding round.

Since launching in late 2009, the company has registered more than 8.2 million users and says it is growing at a rate of more than 550,000 users a month. The Navmii apps (Navmii and Navfee) have achieved the no.1 position on the Apple Apps store in the navigation category in many key markets including the UK, US, Canada, France, Germany, India, and Spain.

The company will use the funds to further enhance the core GPS navigation services with extra crowd-sourcing features and to accelerate growth plans into 22 new territories including China and Russia.
Location Based Systems

For more information on companies in this article

Related Content

  • TRW announces next-gen pedestrian protection system
    July 31, 2012
    TRW is announcing its next generation pedestrian protection system (PPS) - a robust and reliable system using a combination of acceleration and pressure sensing technologies to detect a pedestrian impact. "While the auto industry continues its focus on reducing injuries in single and multiple vehicle crashes and reductions in deaths and injuries have been realised in developed markets, pedestrian fatalities continue to increase globally," said Peter Lake, executive vice president of sales and business devel
    Read More
  • Advances in real time traffic and travel information
    March 16, 2012
    David Crawford admires TomTom’s flying start to 2012. Gobal location and navigation equipment supplier TomTom rang in 2012 with two strategically important announcements. First was the signing of a deal with Korean electronics giant Samsung, representing an important consolidation of its position in the consumer market. Under this agreement, TomTom maps and location content will power the Samsung Wave3 smartphone, launched in autumn 2011. TomTom data will support navigation and search-and-find applications
    Read More
  • EV rental agreement for Europe
    April 17, 2012
    Opel/Vauxhall, one of Europe’s largest automakers, and leading car rental company Europcar, have announced an agreement to introduce the Opel/Vauxhall Ampera as a rental car throughout Europe. The intention is to deploy the first vehicles in Europcar rental outlets in Germany in November of this year, followed soon afterwards by Belgium and the Netherlands. The Opel/Vauxhall Ampera will then be rolled out throughout France, Italy, Portugal, Spain and the UK from the beginning of 2012.
    Read More
  • Road user charging comes a step closer in Oregon
    December 19, 2017
    Having been the first US state to introduce the gas tax a century ago, Oregon is now blazing the road user charging trail. Colin Sowman looks at progress to date. For more than a decade, authorities in Oregon have known of the impending decline in fuels tax income and while revenue increased by more than 5% in 2016, that growth will slow considerably this year and income is projected to start declining in 2020.
    Read More

Highlighted Content