St. Pete tech firm gets $42 million investment

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    Spatial Networks Inc., a St. Petersburg company that uses geography to solve business problems, closed on a  $42.5 million funding round led by Kayne Partners, the growth equity group of Kayne Anderson Capital Advisors, and Kennet Partners Ltd.

    Spatial Networks, headquartered in First Central Tower in downtown St. Petersburg, will use the funding to scale its sales and marketing, accelerate product development and expand its data collection platform into international markets, a news release said.