November 21, 2018

Mark43 Announces $38M in Series C Funding Led by General Catalyst and Jim Breyer of Breyer Capital

Posted on March 29, 2018 @ 12:05 by in Uncategorized

Mark43, a leading cloud-based public safety software platform, today announced $38M in Series C funding led by General Catalyst and Jim Breyer of Breyer Capital. The round will bring Mark43’s total funding to $77.8 million, with returning investments from Spark Capital, Ashton Kutcher’s Sound Ventures, Bezos Expeditions, Goldman Sachs, General David Petraeus, Sheel Tyle’s Amplo, Innovation Endeavors, Govtech Fund, SV Angel, and others.

The round of funding follows a stellar 2017 for Mark43, with 550% client growth, new executive hires from Google, and the opening of new offices in Los Angeles and Charlotte. Mark43 plans to use the funding to accelerate software development, sales, and deployments, and further its mission of empowering public safety with a unified platform to share and analyze critical data in the cloud.

Founded in 2012, Mark43 has already deployed its core software applications, Mark43 Records Management System and Mark43 Computer Aided Dispatch, to thirteen public safety agencies across the U.S., with over 30 more expected to launch this year. Mark43’s technology is used by departments of all sizes—from the Richmond (CA) Police Department to the Seattle Police Department—for reducing report writing times and allowing officers to spend significantly more time on the street. As public safety agencies also look to improve criminal justice information sharing across jurisdictions, Mark43’s cloud-based platform provides secure, reliable, and cost-effective hosting for multi-agency environments.

“After years on the ground with officers, reimagining and perfecting the fundamentals of public safety software, it’s really gratifying to have the kind of year we had in 2017,” said Scott Crouch, CEO and co-founder of Mark43. “This latest round of funding, coupled with new growth hires, perfectly positions Mark43 to capitalize on the momentum we were able to generate following our Series B and bring new products like digital evidence management to market.”

“From the beginning, Mark43 has been laser-focused on reinventing a market plagued by legacy software and solving the most pressing issues that our public safety agencies face,” said Larry Bohn, repeat investor at General Catalyst. “Since then, we’ve seen Mark43 execute on that vision with incredible precision. They are developing solutions that have the potential to improve department technology operations nationwide. We’re honored to continue what has already been an extremely rewarding partnership.”

“We’re honored to support the Mark43 entrepreneurs and team, and very excited to invest,” said Jim Breyer, Founder and CEO of Breyer Capital based in Menlo Park, California. “Mark43 is tackling a significant market opportunity, and as importantly, their products can make the world safer.”

 

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