Steering Through Uncertainty: Mapbox Authorizes Series E Round

Mapbox, Inc. is the leading real-time location platform for a new generation of location-aware businesses. Mapbox is the only platform that equips organizations with the complete set of tools to power the navigation of people, packages, and vehicles everywhere. It is also a component of the Prime Unicorn Index,  the standard bearer for private markets benchmarking. Reflecting the broader private market, the Index is down 7% year-to-date. 

On August 21, 2023, Mapbox authorized a Series E round at a preferred price per share (PPPS) of $33.14, up 7.86% from its previous PPPS of $31.05. This puts the company at a pre-money valuation of $1.3 billion.

Mapbox has previously raised $359.55 million over four rounds. Its most recent round was a $133 million Series D round in March 2020 at a PPPS of $31.05, valuing the company at $1.22 billion. Previous investors include SoftBank, Thrive Capital Partners, Foundry Group, DBL Partners, and others. 

See how Mapbox has performed against the Prime Unicorn Index below.