WASHINGTON, DC – Fortius One, a company selling a local data analysis solution, has raised $4.9 million of a targeted $5.9 million offering, according to a regulatory filing. Current investors Donald Spero, Stephen Walker, Cole Van Nice, Chart Venture Partners and Robert Smith are cited in the filing with the U.S. Securities and Exchange Commission.
Fortius One raised a $5.45 million B round from Walker’s Invetement Fund II, SBIC, Spero’s New Market’s Growth Fund, Chart Venture Partners and In-Q-Tel and Frank Bonsal, a New Enterprise Associates founding partner.
Founded in 2005, the company set out to change the way organizations visualize and analyze data for real-time problem solving.
The company says devastating worldwide events such as the London bombings and Hurricane Katrina proved that legacy data analysis tools and techniques which used dated, static location information were no longer effective means for data sharing, risk mitigation or crisis response.
So, the company says, it launched GeoIQ, the first completely web-based location analysis platform, with the capability to unleash a world of dynamic location information that had previously been locked in proprietary databases.
Fortius One was one of TechJournal South’s Tech 50 companies to watch in 2008.
Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.
Southeast Venture Conference, February 29 – March 1, 2012 at the Ritz Carlton in Tysons Corner, VA – Where Smart Money Meets Smart People.
www.seventure.org
© 2010, TechJournal South. All rights reserved.
Tags: Chart Venture Partners, Cole Van Nice, DC, financing, Fortius One, Frank Bonsal, In-Q-Tel, local data analysis, New Market Growth Fund, Robert Smith, SBIC, Stephen Walker, Washington
