ABN AMRO finance innovative navigation software developer Magic Lane
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ABN AMRO announce the new financing of Magic Lane, a fast-growing innovator in mapping, navigation, and location intelligence technologies. Magic Lane has recently taken an important step in its growth with Magic Earth, its privacy-first navigation app that offers a compelling European technology alternative in the navigation space.
This partnership underscores both Magic Lane’s commitment to scalable, privacy-conscious innovation and ABN AMRO’s dedication to supporting forward-thinking companies that support new mobility solutions through advanced technology.
“At ABN AMRO, we support innovative companies like Magic Lane that place data privacy, quality, and technological progress at the core of their mission,” said Karel Goeijenbier, Corporate Banker at ABN AMRO. “This financing will enable Magic Lane to further expand its innovation and global market reach.”
Scaling Impact and Building Resilient Ecosystems
Magic Lane benefits from a strong technological foundation, experienced entrepreneurship, existing customers and their high-potential client portfolio. ABN AMRO’s financing supports the company’s strategic focus on building a scalable sales and marketing organisation and expanding its international network of technology partners."This facility from ABN AMRO will accelerate our global presence and our ability to digitally innovate across micro-mobility, not limited to e-bike manufacturers, ride-share, fleet and hailing operators, and specialised vehicles” said Raymond Alves, Magic Lane's CEO.
ABN AMRO’s Commitment to Digital Innovation
“This financing reflects ABN AMRO’s commitment to accelerating the digital transition by supporting the growth of scalable tech companies,” added Karel. “We’re especially focused on empowering companies in the fields of digital platforms, SaaS, and AI as they scale toward profitability. Magic Lane’s focus on privacy, offline availability and light coding is a perfect match with ABN AMRO’s strategic focus on both the digital and the energy transition.”
Ongoing innovation
Leveraging the legacy of the original Route 66 team—the pioneers behind the first route planner ever bundled with the Mac’s from Apple computers—Magic Lane now delivers a cutting-edge, privacy-first, offline capable navigation Software Development Kit. The solution is lightweight, hardware-agnostic, and easy to integrate across multiple software platforms, making advanced navigation accessible to a wide range of partners, devices and applications.