XATA Corporation Secures $30,000,000 New Funding Round

  • Feed Type
  • 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
  • Venture Investor
    Technology Crossover Ventures
  • Venture Investor
    Trident Capital

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