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

Related Content

  • April 19, 2012
    Connected navigation more popular than social media and radio streaming
    In a new ABI Research connected car consumer survey, 1,500 respondents in the US, UK, France, Germany, Japan, and China were asked about their use (and non-use) of several services available to the ‘connected car.’ Among those who do not currently use any infotainment services, connected navigation was named as the most desired infotainment service by between 59 per cent and 72 per cent (extremely/very interested) in all countries except China, where the greatest interest was in concierge services.
    Read More
  • April 2, 2014
    Big data and GPS combine to cut emergency response times
    David Crawford looks at technologies for better emergency medical service delivery. Emergency medical services (EMS) play key roles in transporting, or bringing treatment to, patients who become ill through medical emergencies or are injured in road traffic accidents (RTAs). But awareness has been rising steadily, in the US and elsewhere, of the extent to which EMS can generate their own emergencies. The most common cause is vehicles causing or becoming involved in RTAs, as a result of driving fast under pr
    Read More
  • July 5, 2012
    Growing traditional and P2P car sharing services key to future of urban mobility in Europe – web conference
    New research by Frost & Sullivan reveals that there were more than 0.7 million members in Europe alone who adopted car sharing as a sustainable transport solution for daily travelling at the end of 2011. Car OEMs as well as transport operators have started to get active in this market, increasing competition for already existing market players.
    Read More
  • January 16, 2023
    Oxbotica raises $140m for AV software
    Funding will be used to grow in North America and to pursue driverless passenger transport
    Read More

Highlighted Content