St. Pete tech firm Spatial Networks raises more funding
April 6, 2020 - Spatial Networks Inc., a St. Petersburg company that uses geography to solve business problems, has closed on additional funding from CIBC Innovation Banking. The latest funding follows the company's $42.5 million Series A round, led by Kayne Anderson Capital Advisors and Kennet Partners Ltd. and announced in January 2020. The new funding brings the total amount raised in 2020 to $47 million, a news release said. The funding will primarily be used to scale the company’s sales and marketing capabilities, accelerate its product development roadmap, and further expand the company's platform into international markets.