SmartDrive Systems Receives New Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f3fdf17-c020-4dea-b9ee-076314ab14ef&Preview=1 - Date
9/26/2012 - Company Name
SmartDrive Systems - Mailing Address
9276 Scranton Road 5th Floor San Diego, CA 92121 - Company Description
SmartDrive Systems saves lives by increasing safe driving through behavior modification and saves money through lower insurance costs/claims via state-of-the-art, vehicle safety devices for commercial and government fleets of vehicles. SmartDrive Systems provides the tools to foster safer driving and the high-tech video hardware to document “bad driving” events, aid in crash reconstruction and be proactive through driver evaluation & re-training by integrating wireless technology and data recording… where the rubber meets the road. - Website
http://www.smartdrive.net - Transaction Type
Debt - Transaction Amount
Undisclosed - Transaction Round
Undisclosed - Proceeds Purposes
The financing closed in conjunction with a recent $47 million round of equity financing. - M&A Terms
- Venture Investor
Wellington Financial
