10 years ago

what3words Raises $3.5 Million to Simplify Location Sharing

  • what3words, a location-pinpointing platform that simplifies sharing locations with three-word addresses, has raised $3.5 million in Series A funding led by Intel Capital

  • The round also included participation from Horizons Ventures and angel investors

  • The UK-based startup, founded in 2013, now offers its platform in nine languages and plans to expand its geographical presence, including opening a new office in Silicon Valley

  • what3words has shifted its business model from selling single-word location labels to licensing three-word addresses to geographic information system providers, including Esri, Navmii, and Norgeskart.

      • ProblemTechnology

      "Sharing exact locations is a pain. Existing methods rely on long numbers, alphanumeric codes, or complicated addresses, making it difficult for people to remember, share accurately, and communicate easily."

      Solution

      "what3words assigns a unique three-word address to every 3m x 3m square on Earth, simplifying location sharing. This system is easy to remember, share without errors, and communicate verbally, making it a more user-friendly alternative to traditional methods."

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