About a week ago, we noted that social mapping company Waze was getting big. Actually, with over 2 million drivers helping them map the planet, and over 250 million kilometers logged, they're already really big. And today investors are putting their money where the miles are as the company has just raised a $25 million Series B round of funding. The large second round is being led by existing investors Blue Run Ventures, with other existing investors,�Magma Venture Partners and Vertex Venture Capital taking part. The round also includes new strategic investors including Qualcomm Ventures. It's a very nice round for the company, that they want to make very clear to us puts them roughly on part with Twitter in terms of funding at this stage.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/VRaoPUVe3EQ/
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