CitySourced Raises $1.33 Million in Series A Financing
Los Angeles – December 19, 2011 – CitySourced, a location based mobile reporting platform and the leader in mobile civic engagement, announced today that it has closed $1.33 million in a Series A round of financing. The capital will be used to continue product development as well as accelerate sales and marketing efforts.
“Having attained profitability earlier this year, we weren’t actively seeking capital investment. But when the opportunity to work with our current investor presented itself, the strategic potential it brought to the table was too valuable to pass up. We are very excited about accelerating our growth, improving on our existing product suite and the future at CitySourced. The additional capital will definitely be put to good use,” said Jason A. Kiesel, Founder and CEO of CitySourced.
CitySourced has deployed its mobile reporting solution worldwide, including domestic installations in San Francisco, San Jose, Los Angeles, San Diego, and Corpus Christi. International customers include cities in Canada, United Kingdom, Nederland, Australia, and Abu Dhabi.
CitySourced is a real-time mobile civic engagement platform. CitySourced provides a free, simple, and intuitive platform empowering residents to identify civic issues (public safety, quality of life, & environmental issues, etc.) and report them to city hall for quick resolution. In addition, it is an opportunity for government to use technology to save time and money plus improve accountability to those they govern. A picture (or video) tells a thousand words and CitySourced makes it a snap.
The CitySourced App is free to download and is available on iOS (iPhone/iPad 2), Android, Windows Phone, and Blackberry.
For more information about CitySourced, including images, please visit http://www.citysourced.com