GreenRoad Receives $10,000,000 New Round

  • Feed Type
  • Date
    2/22/2010
  • Company Name
    GreenRoad
  • Mailing Address
    3 Twin Dolphin Drive Redwood Shores, CA 94065
  • Company Description
    GreenRoad develops driver safety and risk management technologies that reduce accident rates and lower costs. Our solutions empower drivers to manage their own safety by giving instantaneous, in-vehicle feedback—without privacy invasions. As a result, drivers are motivated to change their behavior behind the wheel.
  • Website
    http://www.greenroadtech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The Generation IM Climate Solutions Fund, LP has invested $10 million of equity capital in Greenroad to support the expansion of its business. Generation’s investment approach is centered around the idea that sustainability factors must be fully integrated into investment research for superior long-term results.
  • M&A Terms
  • Venture Investor
    Generation Investment Management LLP

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