GreenRoad Receives $13M in Equity Financing
Summary
GreenRoad, a Redwood City, CA-based provider of fleet driver performance and safety management solutions, has received $13m in equity financing from existing investors.In addition to the funding, Jim Heeger, a Silicon Valley veteran, has joined as president and CEO.He was most recently CEO of PayCycle and senior vice president of Adobe’s Creative Professional business unit.Prior to Adobe, Heeger was senior vice president and general manager of Intuit’s Small Business division.GreenRoad serves customers including First Group, Ryder, Iron Mountain, Securitas Mobile, Mastec, Arctic Glacier, DuPre Logistics and Quickway Carriers.
Funding
Amount
$13.0M
Total raised
Date
May 19, 2011
Announcement date
Investors
Generation Investment Management, Amadeus Capital Partners, Balderton, Benchmark, DAG Ventures, Virgin Green Fund
Lead investors
Company
http://www.greenroad.com
Funded company
Classifications
industries
Telecommunications
applications
Transportation, Logistics & Inventory
AskAI Classifications
Labels
Fleet Management Software
Telematics Software
Driver Behavior Management
Linked Companies
GreenRoad
$1M to $5M