Tech Company Financing Transactions
SmartDrive Systems Funding Round
SmartDrive Systems, based in San Diego, secured $90 million from TPG Sixth Street Partners and private investors.
Transaction Overview
Company Name
Announced On
9/13/2019
Transaction Type
Venture Equity
Amount
$90,000,000
Round
Undisclosed
Investors
TPG Sixth Street Partners (Lead Investor) (Bo Stanley)
Proceeds Purpose
The investment from TPG Sixth Street Partners and our existing investors will fuel continued innovation in areas such as computer vision and AI, while also enhancing sales and marketing initiatives and further international expansion.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
4790 Eastgate Mall 200
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Mitgang
Chief Financial Officer
Shawn Swaney
Chief Operating Officer
Jason Palmer
Chief Technical Officer
Ray Ghanbari
Vice President
Michael Baker
VP - Bus. Development
Daniel Lehman
VP - Human Resources
Sheryl Roland
VP - Marketing
Melissa Purcell
VP - Sales
John Krumheuer
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Prev: 9/13/2019: Shape Security venture capital transaction
Next: 9/13/2019: CasperLabs 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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