Litmaps closes $125K in seed-stage investment from Quidnet Ventures - PRNewswire

SAN FRANCISCO, Sept. 1, 2021 /PRNewswire/ -- Litmaps, a Science software company based in Wellington, New Zealand has received NZ$125,000 in funding from Quidnet Ventures, a New Zealand-based venture capital fund with operations in Auckland, NZ, San Francisco and New York. Litmaps has built a research navigation platform that allows scientists, engineers, and other experts to more rapidly and deeply navigate peer reviewed research and patent literatures, accelerating breakthroughs and allowing them to work more effectively in R&D teams. The total size of Litmaps's seed round was $1M NZD, and was led by Icehouse Ventures.

Tools like Google Scholar and Scopus allow for basic academic search, but what Litmaps allows is domain experts such as scientists and engineers to dive into their field of expertise, and use data visualisation and network science tools to understand the full picture: how the research is evolving, what they might have missed, and where breakthroughs and commercial opportunities might exist. Litmaps helps accelerate research breakthroughs – from medicine to policymaking to space travel – with more efficient discovery of 200+ million published and peer-reviewed studies.

Quidnet Ventures is a seed and series-A fund that mentors and invests in early-stage startups based in New Zealand that aspire to have global impact. Quidnet's team consists of a group of experienced investors and advisors that can leverage their knowledge set to support Litmaps. Litmaps...



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Source: NewsService