XATA Corporation Secures $30,000,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d5465094-63f0-4899-9a22-46c33f8d23c8&Preview=1 -
Date
12/4/2009 -
Company Name
XATA Corporation -
Mailing Address
965 Prairie Center Drive Eden Prairie, MN 55344 -
Company Description
XATA (Nasdaq: XATA) began celebrating 20 years of partnership with the nation’s largest private fleets and leasing companies, including BP Amoco, Coca Cola, and Penske. Together, we set out to find and develop technologies that would provide the greatest amount of information about their fleets and transform that data into actionable intelligence. -
Website
http://www.xata.com -
Transaction Type
Venture Equity -
Transaction Amount
$30,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Its investment in XATA will facilitate the acquisition of Turnpike and provide added capital to accelerate XATA’s growth, eliminate debt and strengthen its balance sheet. -
M&A Terms
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Venture Investor
Technology Crossover Ventures -
Venture Investor
Trident Capital
