Menlo Park, Calif.-based Screampoint, which develops web application visualization platforms designed to collect and communicate complex data, has closed on an undisclosed amoutn of Series C financing from Angel Capital Group. The company is also backed by Sequoia Capital. Financial terms of the Series C round were not disclosed.
Screampoint, a pioneer and global leader in providing 3D/5D “Digital City” technology solutions to city governments, master developers, and Fortune 500 companies, announced today that it has raised fresh capital in a third round of venture funding from US-based Angel Capital Group. The investment comes as part of a Series C capital raise wherein the company has sought to include strategic angel investors from the United States, Europe, the Middle East, India, and China to accelerate the company’s rapid growth in the booming “5D solutions” space worldwide.
Architected by leading Silicon Valley technologist Remi Arnaud (former lead developer at Keyhole, which was acquired by Google and renamed Google Earth), Screampoint 5D SMART products leverage a patented 3D city modeling platform technology to store, report, and analyze complex city data in real time, bringing together disconnected operational programs and data and enabling the implementation of coordinated, efficient and sustainable urban policies and strategies across neighborhoods, businesses, and the entire social fabric of an urban area. Since the launch of its 5D SMART City core platform product in December of last year, the company has recently secured new projects in key global markets including China, Singapore, the Middle East, Europe, and North America.
“The Angel Capital Group brings a wealth of skills, resources, and experience to Screampoint, and we certainly will be looking to ACG and their partners around the United States to help us continue our expansion into the North American market,” notes Michael Jansen, Chairman and CEO. “We welcome ACG to the Screampoint global family.”
Rachael Qualls, Managing Partner of Angel Capital Group, adds, “Our investment participation in Screampoint is a great example of the advancement in the Angel investment industry. Angel Capital Group is a Southeastern-based Angel group (not a fund) that led an investment round for a Silicon Valley-based company primarily doing business overseas. Sophisticated Angel investors are looking outside their backyards and into mainstream private equity for amazing investment opportunities like Screampoint, and we are thrilled to be part of it.”
Screampoint, a Sequoia Capital funded company, is a global leader in providing comprehensive 5D SMART(TM) technology; a unique, dynamic web application visualization platform (patents in process) that allows government officials, master developers and corporate leaders to collect, connect and communicate complex data sets like never before. The company is based in Silicon Valley and has offices in China, India, Singapore, and the United Arab Emirates. Screampoint 5D SMART(TM) products enable users to visualize in time and space the performance data associated with multiple building assets, empowering executives and leaders to more effectively and efficiently plan, monitor and manage their real world.
About Angel Capital Group
The Angel Capital Group was established in January of 2007 to provide educational and support functions to various communities to aid in establishing Angel investor networks. In addition to the support functions, the Angel Capital Group links all of these networks together through one source so that capital and resources can be efficiently utilized. The Angel Capital Group is hoping that by creating a community of Angel investors all over the U.S. through a professionally managed forum, more capital will be available to help entrepreneurs realize their dreams of business ownership. To learn more about the Angel Capital Group, please visit: http://www.theangelcapitalgroup.com.