A Bath-based company that has developed a digital mapping platform has received a £26million investment.
Living Map received the funding from shareholders including corporate finance company Committed Capital and asset management firm Mercia.
The company's software allows businesses to produce customised maps which can operate in outdoor and indoor spaces.
The business says the money will be used to launch a new software package that will enable its technology to be adopted by large indoor venues such as airports, retail sites, hospitals and smart cities.
Adam Coxen, Living Map’s chair, said: “The funding will allow us to pursue our strategy to produce a fully integrated software as a service (SaaS) solution.
"[The new software] will open up new possibilities for use in smart cities, asset management, and industrial platforms.”
Julian Dennard, investment director at Merci, added: “Customers expect to be able to use digital maps to find their way around but existing services do not work well indoors.
"This funding will help Living Map to roll out its new product which addresses this gap in the market and takes digital mapping to the next level.”
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The funding follows an earlier round in May 2018 through Mercia’s EIS Funds and brings the total raised by the company to £3.8million.
Living Maps was founded in 2010 by urban design consultant Tim Fendley and has produced systems for destinations such as Heathrow Airport and the MET Museum in New York.