3D mapping platform FATMAP lands £1m from Episode 1
Initially for skiers, UK start-up will use funding to expand into other outdoor sports, as well automotive, construction and disaster response sectors
FATMAP, a 3D mobile mapping platform, has raised £1m in funding from Episode 1 and Capnamic Ventures.
Launched in 2014 by “outdoor enthusiasts” Misha Gopaul and Dave Cowell, FATMAP’s 3D mapping platform was created to help skiers plan trips and explore their environment by showing a virtual reality 3D map of the surrounding terrain.
Initially only available at select European ski resorts, the start-up has now expanded to cover most major ski resorts across Europe, the US and Canada, with 150,000 registered users.
Alongside an angel round earlier this year, FATMAP will use the finance to expand into other outdoor sports such as hiking, mountain biking and mountaineering, and also intends to explore opportunities in the automotive, utilities, construction, government and disaster response industries.
Paul McNabb, partner at Episode 1, commented: “The market for location base services expected to reach $40bn by 2019 and the FATMAP’s 3D technology has the potential to become the platform for a whole new generation of outdoor applications. For example, we see the technology being used to help autonomous vehicles navigate off-road. It really is the next frontier.”