MapDing, the real-time location-based smartphone application for buying and selling locally, has closed a seed funding round with Angel investor Chad Lomax for an undisclosed amount. Lomax will be joining MapDing’s team as President while Jack Eisenberg will remain as CEO.
Chad, a sometimes Flyover Geeks contributor and Angel investor first met Jack at the Flyover Geeks Startup Launch party in August 2010. Jack originally pitched Chad the idea at the party and Chad encouraged Jack to make MapDing a reality. After MapDing’s beta release party in October 2010 — also sponsored by Flyover Geeks, Chad approached Jack about working together to grow MapDing.
“We have a very similar vision of where we need to go, both in the short term and long term. Chad is a serial entrepreneur with a lot of business and tech expertise, and he will bring a lot to the company” Eisenberg said.
“You can really feel an energy brewing in Chicago that is producing great ideas and viable business models.” Lomax said. “I knew from the minute I moved to Chicago that this would be a great place to launch or invest in a startup. Jack has done a tremendous job with MapDing to get it to where it’s at, and I think together we can take it to the next level.”
MapDing is generating buzz, and has grown to over 1,000 users in its first two weeks. It also spent time as a top 100 iPad app in 28 countries.
Eisenberg also stated “The fact that there is so much interest in MapDing speaks to the larger Chicago tech community. The city is teeming with creative, insightful with incredibly diverse interests. I cannot wait to see the future of Silicon City.”
MapDing is currently in public beta for Android and iOS devices, and will be releasing several features in the coming weeks.