Tuesday, July 22, 2008

GreenRoad Technologies Adds $17.5M

Redwood Shores-based GreenRoad Technologies, a provider of driver safety technology, said Monday that it has raised $17.5M in a Series C funding. The round came from Amadeus Capital Partners, Virgin Green Fund, Benchmark Capital, and Balderton Capital. According to the company, the funding will go towards R&D, sales, and marketing. GreegnRoad provides vehicle tracking technology targeted at commercial fleet operators and teen drivers; the firm also has operations in London. More information »