GreenRoad Technologies raises $3M for fuel economy and driver safety technology
GreenRoad Technologies, a Redwood Shores, Calif.-based firm with offices in Israel and London, has added another $3 million in funding to its $14.5 million third round, courtesy of Amadeus Capital Partners. The European VC joins previous investors Virgin Green Fund, Benchmark Capital and Balderton Capital.
The company, which provides in-vehicle sensors and web-based services aimed at reducing crashes and improving fuel economy, will use the proceeds to expand its sales and marketing operations and R&D efforts…. Continue Reading
GreenRoad, for driver safety tech, raises $14.5M
GreenRoad Technologies is a Redwood Shores, Calif. company that installs accelerometers in cars to sense when their drivers are behaving unsafely.
We covered the company last year during its launch in September, when it also moved from its homebase in Israel. Its competitors include DriveCam and SmartDrive, which both use more expensive technology based around video cameras.
A new investor, Virgin Green Fund, co-led the $14.5 million investment with Benchmark Capital and participation from Balderton Capital. The… Continue Reading