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

  • Russia looks to ITS to curb congestion and reduce accidents
    May 7, 2015
    Major ITS installations are planned as the Russian capital Moscow grapples with extensive traffic problems. At the end of 2014, Russia’s first complex intelligent transport system (ITS) started easing traffic problems in and around the capital Moscow, following the implementation of the plans by the federal government and the city’s authorities.
    Read More
  • Apps help passengers avoided overcrowded public transport
    May 30, 2013
    David Crawford reviews innovations in the comfort zone. Anyone who rides public transport knows that, perhaps second only to delays, overcrowding is a critical part of the passenger experience,” says Nir Erez, CEO of Moovit, the Israel-based social transportation app developer. The app is aimed at taking real-time user feedback on transit and making it available to a wider audience of travellers. Currently available on iPhone and Android, it plans to add Windows 8 and other platforms in the future. Moovit i
    Read More
  • The sunshine subsidy for Colorado’s tollways
    January 10, 2014
    David Crawford reports on energy cost cutting on US highways. Just over a year after switch-on and with two global awards under its belt, the longest solar-powered toll road in the US is generating heightened interest in highway applications of alternative energy. The E-407, which loops around the eastern perimeter of the Denver metropolitan area in Colorado, won the International Bridge, Tunnel and Turnpike Association (IBTTA) President’s Overall Award for Excellence at its September 2013 Annual Meeting in
    Read More
  • Senior Iteris appointment
    July 13, 2012
    Tom Blair, an experienced software industry leader, has joined Iteris and assumed the new position of senior vice president of Iteris’s recently established iPerform group. The group was established in 2011 to focus on the development and deployment of software-based performance measurement and information management solutions. It was expanded with the acquisition of Berkeley Transportation Systems in October 2011, and has since made several key management appointments.
    Read More

Highlighted Content