# SageQuest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sagequest

- Industry: Software
- Headquarters: Solon, US
- Website: www.sage-quest.com
- Total disclosed funding: $7.7M
- Latest round: Series D (Apr 3, 2008)
- Investors on record: 2

## About

SageQuest provides GPS fleet tracking software that enhances fleet management for businesses with 25 or more vehicles, focusing on operational efficiency and safety through comprehensive tracking solutions.SageQuest delivers GPS tracking solutions for various vehicle types, headquartered in Solon, US. The company has engaged in 4 deals, with the most recent funding round being a Grant of USD 1.50 mn from the Ohio Department of Development on July 3, 2014. Total funds raised amount to USD 3.72 mn. The founder's prior history is not detailed, and there are no mentions of subsidiaries or significant operational pivots.SageQuest specializes in GPS fleet tracking software that enhances enterprise fleet management for businesses operating fleets of 25 or more vehicles. Its core product offering is a comprehensive GPS tracking solution designed for various types of vehicles, enabling businesses to monitor real-time location, fuel consumption, driver behavior, and route efficiency. This software benefits industries such as delivery, field services, construction, and passenger transport, facilitating improved operational efficiency and safety. The products are user-friendly and include features like automated reporting and integration capabilities with existing systems, enabling businesses to make data-driven decisions. SageQuest's solutions are primarily marketed in North America, serving fleet managers, logistics companies, and individual users tracking personal vehicles.SageQuest generates revenue through subscription-based models associated with its GPS fleet tracking services. Clients typically engage in annual contracts that offer tiered pricing based on the number of vehicles monitored and specific features utilized, including real-time tracking and automated reporting. Transactions occur directly between SageQuest and its clients, predominantly on a B2B basis. The firm offers different plans that cater to small businesses as well as large enterprises, ensuring scalability from fleets of 5 to 5,000 vehicles. Revenue is derived from the usage of its flagship products, including Mobile Control and various integration options, which enhance the functionality and user experience of the fleet management system.SageQuest plans to leverage recent funding to expand its offerings and market presence. The company aims to launch new products designed to enhance fleet tracking capabilities, with specific release dates not disclosed. Additionally, SageQuest is targeting expanded operations into new geographic markets, although specific regions are yet to be announced. The financing obtained from the Grant on July 3, 2014, will support these strategic initiatives.

## Funding rounds

- Series D, Apr 3, 2008, $3.7M — Hopewell Ventures
- Series C, Dec 16, 2005, $4M — Hopewell Ventures, Rev1 Ventures

## Investors

- Hopewell Ventures (https://capitalatlas.ai/funds/hopewell-ventures) — Series C, Series D
- Rev1 Ventures (https://capitalatlas.ai/funds/rev1-ventures) — Series C