Magic Lane Raises €3M in Funding to Expand Operations and Develop Mapping Platform

Magic Lane Raises €3M in Funding

Key Highlights:

• Funding: Magic Lane, a mapping and location platform provider, secured €3 million in funding.
• Expansion Plans: The funds will be used to expand operations and further develop the platform.

Magic Lane's Target Market

• Micro-Mobility and Specialized Vehicle Companies: Companies operating in the micro-mobility sector, such as e-scooter and bike-sharing services, as well as specialized vehicle providers.
• App and Platform Developers: Developers looking to integrate mapping, location, and navigation functionalities into their apps and online platforms.
• Transportation and Logistics Providers: Companies in the transportation and logistics industry seeking advanced mapping and navigation solutions.

What Magic Lane Needs to Buy

• Technology and Infrastructure: Investments in technology and infrastructure to support the expansion of operations and development efforts.
• Partnerships and Collaborations: Collaborations with micro-mobility companies, specialized vehicle providers, and app/platform developers to integrate Magic Lane's mapping and location platform.
• Marketing and Sales Support: Services to enhance marketing and sales efforts, targeting potential customers in the micro-mobility, specialized vehicle, and transportation sectors.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.