Geospiza closes on $1M in new seed funding in banner year for startup

Friday May 17, 2019 0 comments Tags: Denver, Geospiza, Sarah Tuneberg, Andy Boyd

DENVER -- Geospiza, a startup that enables emergency managers, first responders, and program managers to quickly make data-driven decisions that improve results, ROI, and save lives, announced the closing of $1 million in funding that includes investments from Techstars, GAN Ventures, Next Wave Ventures, Chloe Capital, Alumni Ventures Group, and Kokopelli Ventures.geospiza-logo

Geospiza said the funds will enable more robust mapping and data modeling, as well as facilitate sales and customer success team growth. Andy Boyd, an experienced disaster recovery industry leader, will represent the shareholders on the board.

"It's hard not to root for Sarah and her team,” said Boyd. “They recognize that the most vulnerable people are disproportionately affected by disaster and they are building a business that harnesses big data, applies machine learning, predictive modeling, and deep industry expertise to help solve this problem. 

“I am proud to support their growth as an investor and board member.”

The financing builds on an exceptional year for Geospiza, which recently won a Phase I National Science Foundation Small Business Innovation Research (SBIR) grant to better understand the utility of live data to support public safety decision-making in disasters. 

Geospiza also won the 2019 Enterprise and Smart Data Track of the SXSW Startup Pitch Event in Austin and was also selected to represent the United States at the Global Entrepreneurship Summit 2019 in The Hague in June 2019.

"It's been an incredible year for Geospiza,” said Sarah Tuneberg, CEO. “We are capturing the interest and support from the public safety industry, and most importantly, we're having a real impact on how data-driven decisions positively impact results.

"We want to empower all communities with our decision-support tools, regardless of size or financial resources to reduce risk and enhance resilience."