Emerald Technology Ventures invests in leading provider of utility asset mapping services - GeoDigital International Inc.

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Emerald Technology Ventures invests in leading provider of utility asset mapping services - GeoDigital International Inc.

Emerald Technology Ventures is pleased to announce an investment from Emerald Cleantech Fund III into GeoDigital International Inc.(GDI). Based on advanced imaging and data acquisition technologies, GDI is a global leader in mapping services for the utility industry to drive intelligence in asset management and engineering. The round was led by Emerald Technology Ventures and EnerTech Capital. They were joined by GDI's current investors including NGP Energy Technology Partners and North Sky Capital. GDI will use the capital to fund the company's product extensions and continued expansion in the United States, Canada and international markets.

"We are proud that a leading international investor like Emerald Technology Ventures co-led this financing having a superb track record of growing businesses across North America and internationally."stated Abe Morris, Co-CEO of GeoDigital. Alastair Jenkins, Founder and Co-CEO added: "This financing will enable GDI to extend the reach of our cloud-based business intelligence solutions to meet a wide range of client needs providing key information around their assets for mission-critical decisions and help them realize significant cost savings."

Gina Domanig, Managing Partner at Emerald Technology Ventures, stated, "We identified GeoDigital as possessing a unique technology that is capable of addressing multiple industry sectors. In the rapidly growing and evolving geospatial information market, offering Software and Information as a Service solutions positions GDI to serve the needs of leading utility and engineering companies." As part of this transaction, Gina Domanig will join the GDI Board of Directors.


About GeoDigital International Inc.
GeoDigital International Inc. integrates the world's most advanced imaging and data acquisition technologies to perform airborne and ground mapping services with LiDAR (Light Detection and Ranging) to deliver industry-leading business intelligence solutions for asset management and engineering. By providing access to geospatial information using proprietary software and web mapping technology in partnership with Google Earth and Google Maps Engine, GeoDigital offers utilities and engineering firms unrivaled access to their data anywhere, anytime to enable work planning, execution, and reporting. GeoDigital and its predecessor companies have a 20-year history in airborne mapping for the utility industry providing leading-edge solutions for mapping, inspection, line rating and engineering analysis to customers around the world.
www.geodigital.com

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