Tech Company Financing Transactions

SmartDrive Systems Funding Round

SmartDrive Systems, based in San Diego, secured $25 million in funding from New Enterprise Associates, Oak Investment Partners and private investors.

Transaction Overview

Company Name
Announced On
12/16/2009
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series E
Investors

New Enterprise Associates (Lead Investor) (Dick Kramlich)

Oak Investment Partners (Lead Investor) (Bandel Carano)

Proceeds Purpose
The new round of financing will provide working capital for SmartDrive Systems to continue to build out its suite of services and to continued growth of the customer base.

Company Information

Company Status
Private & Independent
Industry
Electronics
Mailing Address
4790 Eastgate Mall 200
San Diego, CA 92121
USA
Email Address
Overview
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.
Profile
SmartDrive Systems LinkedIn Company Profile
Social Media
SmartDrive Systems Company Twitter Account
Company News
SmartDrive Systems News
Facebook
SmartDrive Systems on Facebook
YouTube
SmartDrive Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Steve Mitgang
  Steve Mitgang LinkedIn Profile  Steve Mitgang Twitter Account  Steve Mitgang News  Steve Mitgang on Facebook
Chief Financial Officer
Shawn Swaney
  Shawn Swaney LinkedIn Profile  Shawn Swaney Twitter Account  Shawn Swaney News  Shawn Swaney on Facebook
Chief Operating Officer
Jason Palmer
  Jason Palmer LinkedIn Profile  Jason Palmer Twitter Account  Jason Palmer News  Jason Palmer on Facebook
Chief Technical Officer
Ray Ghanbari
  Ray Ghanbari LinkedIn Profile  Ray Ghanbari Twitter Account  Ray Ghanbari News  Ray Ghanbari on Facebook
Vice President
Michael Baker
  Michael Baker LinkedIn Profile  Michael Baker Twitter Account  Michael Baker News  Michael Baker on Facebook
VP - Bus. Development
Daniel Lehman
  Daniel Lehman LinkedIn Profile  Daniel Lehman Twitter Account  Daniel Lehman News  Daniel Lehman on Facebook
VP - Human Resources
Sheryl Roland
  Sheryl Roland LinkedIn Profile  Sheryl Roland Twitter Account  Sheryl Roland News  Sheryl Roland on Facebook
VP - Marketing
Melissa Purcell
  Melissa Purcell LinkedIn Profile  Melissa Purcell Twitter Account  Melissa Purcell News  Melissa Purcell on Facebook
VP - Sales
John Krumheuer
  John Krumheuer LinkedIn Profile  John Krumheuer Twitter Account  John Krumheuer News  John Krumheuer on Facebook


 

 

Browse more venture capital transactions:

Prev: 12/16/2009: GlassHouse Technologies venture capital transaction
Next: 12/16/2009: Ace Metrix venture capital transaction

 

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We do our best to document funding rounds that are announced publicly. VC transactions reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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