On March 29, 2022, Citylitics Inc. announced that it had raised US$5 million in a Series A round of funding. The investment was co-led by Dallas Venture Capital and Cerium Technology Ventures with participation from a number of existing investors.
Citylitics, the source for intelligence on planned infrastructure investments, is headquartered in Toronto, ON with offices in Milwaukee and Austin, and remote employees throughout North America.
The Citylitics platform ingests millions of public documents and data generated by cities, utilities, and public agencies, including council meeting minutes, budgets, capital plans, permits, environmental reports, and more. Then, using machine learning augmented by human expertise, Citylitics looks for indicators of infrastructure needs and turns it into meaningful, predictive market intelligence on infrastructure plans, priorities, forecasts, projects, research, and more.
These insights are used by stakeholders that serve the infrastructure market to identify the right opportunities to pursue, at the right stage, using the right approach and strategy. Citylitics customers include the largest and fastest growing manufacturers, suppliers, engineering, construction, investment, and consulting firms in the infrastructure sector.
Derek Keay, Garrett Hamel and Paul Carenza (tax) of Gowling WLG advised Citylitics with respect to this funding round.