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GPS Vehicle Tracking Applications Maker FleetMatics Raises $68 Million

Robin Wauters

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Robin Wauters is the European Editor of tech blog The Next Web and lead editor of Virtualization.com. He was a senior staff writer at TechCrunch until his departure in February 2012. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in... → Learn More

Monday, December 6th, 2010
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FleetMatics, a Boston-based provider of GPS tracking applications for commercial fleets, this morning announced that it has closed a massive $68 million growth equity financing round.

Late-stage investor Institutional Venture Partners invested in conjunction with Investcorp Technology Partners, FleetMatics’ majority owner. New World Ventures also participated as a new investor.

IVP’s General Partner Sandy Miller has joined the FleetMatics board of directors.

FleetMatics provides GPS vehicle tracking applications around the world – the company says over 12,500 businesses currently use its on-demand vehicle management solutions.

Founded in 2004, FleetMatics has offices in the US, UK and Ireland.

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  • http://jetlib.com/news/2010/12/06/gps-vehicle-tracking-applications-maker-fleetmatics-raises-68-million/ GPS Vehicle Tracking Applications Maker FleetMatics Raises $68 Million | JetLib News

    [...] Read the rest of this entry » [...]

  • http://jetlib.com/news/2010/12/06/gps-vehicle-tracking-applications-maker-fleetmatics-raises-68-million/ GPS Vehicle Tracking Applications Maker FleetMatics Raises $68 Million | JetLib News

    [...] Read the rest of this entry » [...]

  • http://vehicle-fleet-tracking.com/2010/12/10/fleetmatics-raises-68-million/ FleetMatics Raises $68 Million | The FleetMatics Tracker

    [...] Late-stage investor Institutional Venture Partners invested in conjunction with Investcorp Technology Partners, FleetMatics’ majority owner. New World Ventures also participated as a new investor. Read the article on TechCrunch! [...]

  • http://vehicle-fleet-tracking.com/2010/12/10/fleetmatics-raises-68-million/ FleetMatics Raises $68 Million | The FleetMatics Tracker

    [...] Late-stage investor Institutional Venture Partners invested in conjunction with Investcorp Technology Partners, FleetMatics’ majority owner. New World Ventures also participated as a new investor. Read the article on TechCrunch! [...]

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