Serra Capital III Invests In Its 10th Company

Serra Capital III announced on December 5 that it had made its 10th investment in Cincinnati based company Spatial. Spatial has raised $2.1 Million in seed funding, with Serra Ventures leading the round. They were joined by Connetic Ventures, M25 Group, Fulcrum, Caerus Investment Partners and several angel investors.

Spatial is a social intelligence company that allows its users to navigate a city like a local. Spatial’s artificial intelligence software aggregates unstructured social data across hundreds of cities in real time.

Rob Schultz, Managing Partner with Serra, enthused "Serra Ventures is thrilled to partner with the Spatial team. Billions of people interact with maps across multiple devices everyday. Bringing social context to maps using Spatial’s patent pending technology will improve map usability in many industries including travel, real estate and automotive."

Source: http://www.webwire.com/ViewPressRel.asp?aId=206646