The Ashes
Technology, Science and other news
August 14, 2009
DriveCam Raises $19 Million Series D
Filed under : General
DriveCam is a company that improves risky drivers by setting up video event recorders on the windshield behind the rear-view mirror. DriveCam reduces claims costs and improves the way people drive.
DriveCam offers driver coaching and expert analysis. The company has announced that they have raised $19 million Series D.
The $19 million Series D round of investment was led by Triangle Peak Partners. Other investors include Menlo Ventures, Insight Venture Partners, JMI Equity, and Integral Capital Partners.
DriveCam had year-over-year revenue growth and an 85% growth in their client base. The company also had a positive cash flow for the first time in history.
[via NYT]
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