Fleetmatics Development
Latest round
- Series C
Last raised
- Dec 2010
Total raised
- $93M
Investors
- 3
About Fleetmatics Development
Fleetmatics Development Limited specializes in GPS fleet management software solutions, founded in 2004 in Waltham, US.8125 million shares at USD 17 each. In September 2013, Investcorp exited its remaining stake in Fleetmatics, and subsequently in August 2016, the company was acquired by Verizon Communications, Inc.4 bn.The company offers a comprehensive suite of GPS fleet tracking software that integrates various functionalities tailored to enhance fleet management and operational efficiency. Core products include vehicle tracking, maintenance alerts, performance reporting, and asset monitoring, utilizing advanced technologies such as HD video, artificial intelligence, and telematics. The software caters to a diverse clientele across multiple industries, including Food & Beverage, Retail, Construction, Law Enforcement, and Public Sector organizations, among others. Clients utilize the platform to improve fleet visibility, streamline work order management, and ensure compliance with regulations such as ELD mandates and hours of service.44 mn. Revenue is primarily generated through a subscription-based model for its fleet tracking software, allowing clients to access its full range of features. Businesses typically enter into contracts that can include additional services such as integration with industry-specific solutions or advanced analytics capabilities. The pricing structure accommodates various client needs, from small businesses to large enterprises, with options for individual products such as ELD solutions, route optimization, and asset tracking.Fleetmatics Development Limited is focused on expanding its product offerings and geographic presence. Following the successful IPO in October 2012, the company plans to release new products designed to enhance fleet tracking capabilities, aiming for a launch in the upcoming year. The firm is targeting expansion into emerging markets in Asia-Pacific and South America by the end of 2025 to capture new business opportunities.
Who invested in Fleetmatics Development
3 investors across 2 rounds
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Questions about Fleetmatics Development
Who invested in Fleetmatics Development?
Fleetmatics Development has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Fleetmatics Development raised?
Fleetmatics Development has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Fleetmatics Development last raise money?
Fleetmatics Development's most recent round on record is a Series C, in Dec 2010.
What does Fleetmatics Development do?
Fleetmatics Development Limited specializes in GPS fleet management software solutions, founded in 2004 in Waltham, US.
Where is Fleetmatics Development headquartered?
Fleetmatics Development is headquartered in Waltham, US.
Which VCs invest in companies like Fleetmatics Development?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Fleetmatics Development's stage. Their profiles are linked below.
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