Unacast secures $18M in a round led by White Star Capital
Unacast, an Oslo, Norway and New York, USA-based company providing a network of beacon and proximity companies, connecting the physical world to the digital world, announced in a press release securing NOK 140M ($17.5M) in a new investment round led by White Star Capital.
Unacast, founded in 2014 by Kjartan Slette and Thomas Walle Jensen, developed a proximity and location data platform, Real World Graph, in order to understand how people and places are connected and to empower the next generation of data-driven industries with unique double-deterministic data.
The company has 40 employees distributed in the Norwegian and American offices and expects to reach NOK 100M ($12.7M) in recurring revenues. In 2016, the company accounted NOk 12M ($1.5M) in losses.