DriveCam Lands $85,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4fe20358-379e-4afb-9ebb-003414b42002&Preview=1
Date
11/18/2011
Company Name
DriveCam
Mailing Address
8911 Balboa Ave San Diego, CA 92123
Company Description
DriveCam, Inc. is the leading provider of knowledge-based systems that identify and improve unsafe driving behavior for commercial fleets.
Website
http://www.drivecam.com
Transaction Type
Venture Equity
Transaction Amount
$85,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The investment is being made, in part, to fund the acquisition of RAIR Technologies, LLC, a leading provider of regulatory compliance solutions for DOT-regulated fleets.
M&A Terms
Venture Investor
Welsh Carson Anderson & Stowe