SmartDrive Systems Lands $25,000,000 Series E Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60f46843-1ad0-4f4d-a32f-969380079e9c&Preview=1 -
Date
12/16/2009 -
Company Name
SmartDrive Systems -
Mailing Address
9276 Scranton Road 5th Floor 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. -
Website
http://www.smartdrive.net -
Transaction Type
Venture Equity -
Transaction Amount
$25,000,000 -
Transaction Round
Series E -
Proceeds Purposes
The new round of financing will provide working capital for SmartDrive Systems to continue to build out its suite of services and to continued growth of the customer base. -
M&A Terms
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Venture Investor
New Enterprise Associates -
Venture Investor
Oak Investment Partners -
Venture Investor
Undisclosed
