Mark43 Valuation, Funding & Investors
Mark43 is valued at $1B as of July 2021.
Last Mark43 valuation
$1B
Series E · Jul 2021
Last Mark43 funding round
$40M
Series E · May 2024
Cumulative funding Mark43 raised
$269M
across 7 funding rounds
Key investors in Mark43
General Catalyst
Spark Capital
SV Angel
Goldman Sachs
Lowercase Capital
Govtech Fund
About Mark43
Mark43 is a New York-headquartered developer of cloud-native software for public safety agencies. The company provides computer-aided dispatch, records management systems, evidence management, and analytics tools integrated with body cameras and vehicle telematics. Founded in 2012, Mark43 equips departments including the New York Police Department, Los Angeles Police Department, and London Metropolitan Police with platforms for data analysis and operational coordination across the United States and United Kingdom.
Founded
2012
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2G
Revenue model
Subscription
Valuation
$1B (Jul 2021)
Mark43 Valuation
Mark43 is currently valued at $1B, based on its Series E in July 2021.
The $101M round was led by The Spruce House Partnership and Tiger Global, with participation from General Catalyst, HighSage Ventures, Spark Capital, Radcliff Group, Malcolm Turnbull and 4 other investors.
Mark43 valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2021 | Series E | $1B |
Mark43 Funding History
Mark43 has raised a total of $269M across 7 funding rounds.
Mark43's first fundraising round was a $2M seed round in July 2013. The most recent completed round was a $40M Series E in May 2024.
Mark43 funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Series E | - | $40M | - | Mark43 is a cloud-native public safety software provider offering Records Management Systems, Computer-Aided Dispatch, and Analytics platforms hosted on AWS GovCloud, serving law enforcement agencies globally with StateRAMP and upcoming FedRAMP High certifications. The company announced a $55 million fundraising round on March 29, 2024, led by General Catalyst, with participation from Avenir, aimed at empowering first responders with modern technology tools. Earlier rounds include a $38 million Series C in March 2018 led by Breyer Capital and General Catalyst, and a $101 million Series E led by Spruce House Partnership and Tiger Global Management, bringing total funding over $250 million at that time to expand cloud products and international presence in markets like the UK, Canada, and New Zealand. Sources consistently note valuations as not publicly disclosed for most rounds, including the May 2024 event listed with $39.9 million raised but no valuation details. Forge Global references a $1 billion post-money valuation from a recent Series E with $101 million raised and overall funding exceeding $220 million, while another section lists $1.02 billion for a Series G, though dates and series labels conflict with primary announcements. No sources provide revenue, ARR, or EBITDA figures using required terms near the May 2024 round. Mark43's growth focuses on replacing legacy systems for agencies, with investors like Spark Capital, Goldman Sachs, and others supporting scaling and features like digital evidence management from body cameras. Total funding across rounds reaches approximately $268-369 million per aggregators, positioning it as a leader in police tech amid demand for efficient reporting and global expansion. |
| Jul 2021 | Series E | The Spruce House Partnership (lead); Tiger Global (lead); General Catalyst; HighSage Ventures; Spark Capital; Radcliff Group; Malcolm Turnbull; Goldman Sachs; Avenir; Lucy Turnbull; Empede Capital | $101M | $1B | Mark43 is a cloud-native public safety software company providing a platform for law enforcement agencies that handles records management, analytics, evidence management, and dispatch, serving major U.S. cities like Atlanta, Washington D.C., San Antonio, Seattle, and Austin, with about 120 U.S. clients as of 2021. The company partners with agencies to deliver data-driven solutions amid evolving public safety needs, focusing on community well-being, dialogue, and adaptive technology. In July 2021, Mark43 raised $101 million in a Series E funding round led by The Spruce House Partnership and Tiger Global Management, with participation from Radcliff Group, Malcolm Turnbull, Lucy Turnbull, Goldman Sachs, General Catalyst, Spark Capital, HighSage Ventures, and Avenir Capital, bringing total funding to $257 million at that time. The capital was earmarked for developing new products, international expansion including a U.K. office, hiring in public policy, and enhancing cloud-based SaaS offerings to replace legacy systems globally. Sources confirm a $1 billion post-money valuation for this round, positioning Mark43 as an emerging leader against competitors like IBM in the public safety tech market, with subsequent rounds including a Series F in 2024. |
| Apr 2020 | Series D | Equable Capital | $50M | - | Mark43 is a public safety technology company providing cloud-based software platforms for computer-aided dispatch (CAD), records management systems (RMS), and related services to law enforcement and emergency response agencies. Around the 2020 period, Mark43 was securing contracts with municipalities, such as a SaaS agreement with the City of Miami Gardens in January 2020 for CAD and RMS solutions, including data usage rights for service improvement and indemnification clauses. Prior rounds included a Series A of USD 10.8 million in August 2015 led by General Catalyst and Spark Capital to scale operations. Subsequent funding included a Series E of USD 101 million in July 2021 led by The Spruce House Partnership and Tiger Global Management for new product development and international expansion, and another Series E of approximately USD 40 million in May 2024 for continued growth and innovation. Total funding raised across all rounds amounts to USD 268.8 million as of the latest reports. |
| Mar 2018 | Series C | Breyer Capital (lead); General Catalyst (lead); Sound Ventures; Amplo; SV Angel; Spark Capital; David Petraeus; Innovation Endeavors; Goldman Sachs; Bezos Expeditions; Govtech Fund | $38M | - | Mark43 is a New York City-based company founded in 2012 that develops cloud-based SaaS software for law enforcement agencies to collect, manage, analyze, and share public safety information, serving clients including major U.S. departments like Atlanta, Austin, San Antonio, Seattle, and Washington, D.C. Mark43's products focus on replacing legacy systems with modern cloud-based solutions, supporting various use cases paid through operational budgets. The company raised a Series C round of $38M on March 20, 2018, led by Breyer Capital and General Catalyst, with participation from Amplo, Bezos Expeditions, David Petraeus, Goldman Sachs, Govtech Fund, Innovation Endeavors, Sound Ventures, Spark Capital, and SV Angel. This followed prior rounds including a $27M Series B in April 2016 and preceded a $50M Series D in April 2020 and $101M Series E in July 2021, bringing total funding to over $257M by 2021. |
| Apr 2016 | Series B | General Catalyst (lead); Spark Capital (lead); Sound Ventures; SV Angel; David Petraeus; Lowercase Capital; Goldman Sachs; Bezos Expeditions; Govtech Fund | $27M | - | Mark43 is a public safety software company providing cloud-based dispatching software, records management systems, and computer-aided dispatch solutions for law enforcement agencies to improve efficiency through data-driven tools. The Series B funding round on April 27, 2016 (or approximately late April per some records), raised $27 million led by General Catalyst and Spark Capital, with participation from Bezos Expeditions, David Petraeus, Goldman Sachs, Govtech Fund, Lowercase Capital, Sound Ventures, Spark Capital, and SV Angel. This followed a Seed round of $1.95 million in July 2013 and Series A of $10.8 million in August 2015, both also led by General Catalyst and Spark Capital, bringing total funding at that point to around $39.75 million. The Series B funds were intended to expand market reach, invest in customer acquisition, scale operations, enhance platform capabilities, and accelerate product development amid growing demand for modernized public safety tech. By mid-2018, ahead of the Series C, Mark43 had deployed its software to 13 U.S. public safety agencies for incident reporting, investigation logging, and cloud-based data sharing across departments. Later rounds achieved a $1 billion post-money valuation in Series E (2021) and continued fundraising up to Series F in 2024, totaling over $268 million raised. Mark43 operates in the govtech and public safety software market, competing by replacing legacy systems with integrated cloud platforms that enable better data utilization for emergency response. Investors like General Catalyst and Spark Capital maintained involvement across multiple rounds, signaling sustained confidence, while later participation from Tiger Global, Goldman Sachs, and others supported international expansion and further development. |
| Aug 2015 | Series A | General Catalyst (lead); Spark Capital (lead); Sheel Tyle; David Petraeus; Innovation Endeavors; Sophia Bush; Lowercase Capital; Govtech Fund; Third Sphere; Allen & Company | $11M | - | Mark43 develops a cloud-based law enforcement software platform, including records management, analysis, and investigative tools under the Cobalt suite, aimed at improving information collection, management, and real-time access for police departments. The company was founded by Harvard graduates who conducted extensive ride-alongs with police to design the product, addressing issues like archaic systems and data silos in public safety software. Its first customer was the Washington, D.C. Metropolitan Police Department, serving 37 agencies. In August 2015, Mark43 raised $10.8 million in a Series A round led by General Catalyst and Spark Capital, with participation from Govtech Fund, Lowercase Capital, Allen & Company, Innovation Endeavors, and angels including David Petraeus and Sheel Tyle. The funding was intended to scale operations and enhance platform capabilities. Sources consistently state the valuation was not publicly disclosed. |
| Jul 2013 | Seed | General Catalyst (lead); Spark Capital (lead); SV Angel; Lowercase Capital; Rough Draft Ventures; Grape Arbor VC; Launchpad LA; Thomas Eisenmann | $2M | - | - |
Who has invested in Mark43?
29 investors have backed Mark43 across its funding rounds, including General Catalyst, Spark Capital, SV Angel, Goldman Sachs, Lowercase Capital and Govtech Fund.
Lead investors include The Spruce House Partnership, Tiger Global, Breyer Capital, General Catalyst and Spark Capital.
Mark43 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Lead | Jul 2013 | |
| San Francisco, CA | 5 | Lead | Jul 2013 | |
| San Francisco, CA | 3 | Participant | Jul 2013 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} David Petraeus | New York City, NY | 3 | Participant | Aug 2015 |
| San Francisco, CA | 3 | Participant | Jul 2013 | |
| New York City, NY | 3 | Participant | Apr 2016 | |
| San Francisco, CA | 3 | Participant | Aug 2015 | |
| Los Angeles, CA | 2 | Participant | Apr 2016 | |
| San Francisco, CA | 2 | Participant | Aug 2015 | |
| Washington, DC | 2 | Participant | Apr 2016 | |
| San Francisco, CA | 1 | Lead | Mar 2018 | |
| Boston, MA | 1 | Participant | Jul 2021 | |
| United States | 1 | Participant | Aug 2015 | |
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Start Free TrialMark43 Competitors
Mark43 competitors include listed companies like Vitec Software and Beijing eGova, and private ones like GVE, Capsule, Dental Monitoring and DocPlanner.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Tokyo | Private | - | - | $521M | - | |
| New York City, NY | Private | - | - | $1B | - | |
 Paris | Private | $91M | - | $1B | - | |
 Warsaw | Private | - | - | $1B | - | |
 Sweden | Publicly listed | $371M | $151M | $1B | 3.5x | |
 China | Publicly listed | $90M | ($52M) | $950M | - |
Mark43 Public Comps
Mark43 is still privately-owned, but its public comps include iFLYHealth, Vitec Software, Beijing eGova, PHC Holdings, HealthStream, MedicalSystem Technology, Fujian Boss Software, Hangzhou Pinming Software, e-Hualu and Guotai Epoint Sofware.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $90M | ($52M) | 8.4x | - | (14.5x) | - | |||
| $2.3B | $320M | 1.0x | 1.0x | 7.2x | 6.5x | |||
| $304M | $63M | 2.8x | 2.6x | 13.2x | 11.2x | |||
| $45M | $12M | 18.9x | 15.6x | 70.7x | 62.9x | |||
| $299M | $40M | 2.8x | 2.9x | 21.1x | 21.0x | |||
| $65M | $8M | 12.5x | 11.9x | 100.2x | - | |||
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Common questions about Mark43
| When was Mark43 founded? | Mark43 was founded in 2012. |
| Where is Mark43 headquartered? | Mark43 is headquartered in New York City, NY, United States. |
| Is Mark43 publicly listed? | No, Mark43 is a private, VC-backed company. |
| What is Mark43's valuation? | Mark43 was last valued at $1B in its Series E in July 2021. |
| How much funding has Mark43 raised? | Mark43 has raised $269M across 7 funding rounds. |
| What was Mark43's last funding round? | Mark43's last funding round was a $40M Series E in May 2024. |
| Who are Mark43's investors? | Mark43's investors include General Catalyst, Spark Capital, SV Angel, David Petraeus, Lowercase Capital, Goldman Sachs, Govtech Fund, Sound Ventures, Innovation Endeavors, Bezos Expeditions and 19 others. |
| Which companies are comparable to Mark43? | Companies comparable to Mark43 include GVE, Capsule, Dental Monitoring, DocPlanner, Vitec Software and Beijing eGova. |
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