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Missoula tech company onX lands record $87M in venture capital

onX

Missoula tech company onX, announced Monday that they’ve landed a $87.4 million Series B venture capital investment. It appears to be the largest-ever venture capital investment in Montana history.

According to a press release from the company, the funding round was led by Summit Partners, which led the company’s Series A financing in 2018, and includes participation from Steve Burke’s Madison Valley Partners and other existing investors.

Founded in Missoula in 2009, onX developed an app that allows users to download topographical maps with other layers before they go out into the backcountry. Then, even when they are out of cell range, they can see land ownership and other layers in relation to where they are standing.

The company has also developed several other products, but its navigation apps include onX Hunt, onX Offroad and onX Backcountry.

 

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