Thursday, January 31, 2008

GreenRoad Technologies Raises $14.5M

Redwood City-based GreenRoad Technologies, a provider of driver safety technology, said today that it has raised $14.5M in a venture investment from Virgin Green Fund and Benchmark Capital, along with Balderton Capital. GreenRoad said the funding will expand and supports its global operations. GreenRoad develops systems for monitoring drivers and driving fleets. Benchmark and Balderton are return investors in the firm, which also maintains headquarters in London and R&D operations in Or-Yehuda, Israel. More information »