£7M Investment Expands Waymap's Indoor Localisation Technology Globally
1.3 billion people live with disabilities in the world. A £7M investment led by TELUS Pollinator Fund for Good enables Waymap to continue expanding internationally and investing in its leading ‘sensor-fusion based’ indoor localisation technology.
London, UK— April 9th, 2024, London-based tech start-up Waymap, a technology company offering an accessibility-first, highly accurate navigation app that works outdoors, indoors and even deep underground, announced the completion of a £7 million funding round.
This investment, led by the TELUS Pollinator Fund for Good, will enable Waymap to continue expanding internationally, growing the presence of mapped areas in Asia Pacific and the Middle East, to complement Waymap’s current presence in North America and Europe. Original investor, Venrex, also participated alongside Comprador Holdings.
In modern cities, navigation apps play a crucial role; however, they don’t work for everyone. These apps also face limitations due to GPS, rendering them ineffective indoors or underground. This presents a considerable challenge for individuals with heightened navigation requirements, especially the hundreds of millions of people living with visual impairments worldwide, and the 1.3 billion people with disabilities. Higher accuracy indoor and outdoor navigation also benefits everyone, drastically improving efficiency as commuters move around the built environment.
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