onX HUNT has gained the attention of Summit Partners and has closed on a $20.3 Million investment deal.
onXmaps, Inc., provider of the onX HUNT mobile app, recently announced it has raised $20.3 million in a funding round led by global growth equity investor Summit Partners. This event marks the largest growth equity investment in a mobile and consumer-focused business in Montana's history.
onX HUNT is an industry leading mobile based app that provides extensive mapping technology for outdoor adventurers. Eric Siegfried, CEO of onX, founded and bootstrapped the company to address a major gap in the outdoor recreation market.
He put rich, interactive map-based information in the hands of hunters and outdoor enthusiasts. These maps allow the user to plan and navigate their journeys with simplicity.
"The onX team is incredibly passionate about empowering our customers' outdoor pursuits by providing the best mobile experience and most relevant data," said Siegfried. "This investment enables us to take our solutions and our team to the next level. Whether our customers are hunting big game, looking for the best spot to camp, fishing new water, or walking land ownership boundaries, onX has them covered - now and in the future."
The capital will be used to expand the teams at onX's Missoula and Bozeman, Montana, offices. This will help grow the company to be even more beneficial to the users of onX.
onX HUNT offers the users many different features in their mapping software. It has filled the gap that outdoor enthusiasts truly needed filled. In 2017, onXmaps launched onX HUNT, which added several different features to their original mapping system that aids every hunter and outdoorsman.
Currently, HUNT users can subscribe to the mapping system of their choice and obtain a plethora of information. Most recently, HUNT added a NWTF layer that provides a great deal of information for the traveling turkey hunter.