SmartDrive Systems Receives New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f3fdf17-c020-4dea-b9ee-076314ab14ef&Preview=1 -
Date
9/26/2012 -
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
Debt -
Transaction Amount
Undisclosed -
Transaction Round
Undisclosed -
Proceeds Purposes
The financing closed in conjunction with a recent $47 million round of equity financing. -
M&A Terms
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Venture Investor
Wellington Financial
