SmartDrive Systems Inc. Lands $10,000,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fb328410-c23d-468d-927a-e1d944cb1f2e&Preview=1 -
Date
6/30/2008 -
Company Name
SmartDrive Systems Inc. -
Mailing Address
10655 Roselle St. San Diego, CA 92121 -
Company Description
SmartDrive Systems saves lives by increasing safe driving through behavior modification and saves money through lower insurance costs/claims via state-of-the-art, vehicle safety devices for commercial and government fleets of vehicles.SmartDrive Systems provides the tools to foster safer driving and the high-tech video hardware to document “bad driving” events, aid in crash reconstruction and be proactive through driver evaluation & re-training by integrating wireless technology and data recording… where the rubber meets the road.
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Website
http://www.smartdrive.net -
Transaction Type
Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
Oak Investment Partners -
Venture Investor
Undisclosed
