Tech Company Financing Transactions
XATA Funding Round
ForgePoint Capital and TCV joined a $30 million venture round for XATA. The round was announced on 12/4/2009.
Transaction Overview
Company Name
Announced On
12/4/2009
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Undisclosed
Investors
TCV (Woody Marshall)
Proceeds Purpose
Its investment in XATA will facilitate the acquisition of Turnpike and provide added capital to accelerate XATA's growth, eliminate debt and strengthen its balance sheet.
Company Information
Company Status
Publicly-held
Industry
Enterprise IT
Mailing Address
965 Prairie Center Dr.
Eden Prairie, MN 55344
USA
Eden Prairie, MN 55344
USA
Phone
Website
Email Address
Overview
XATA (NASDAQ: XATA) began celebrating 20 years of partnership with the nation's largest private fleets and leasing companies, including BP Amoco, Coca Cola, and Penske.
Management Team
Title
Name
Email & Social
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Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC transactions reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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