Bus

GreenRoad raises $15M in growth funding

Posted on May 28, 2009

GreenRoad, a Redwood Shores, Calif.-based company, which integrates real-time, in-vehicle feedback, coaching, reporting and risk analysis tools to empower drivers to improve, raised $15 million in growth funding.

DAG Ventures, a venture capital investment partnership, led the round with participation from existing investors Benchmark Capital, Virgin Green Fund, Amadeus Capital and Balderton Capital. GreenRoad also announced that Nick Pianim, managing director at DAG Ventures, was appointed to the company's board of directors.

"We are very proud to have earned the confidence of DAG Ventures, as well as our existing institutional investors," said Dan Steere, CEO of GreenRoad. "This investment of capital will enable GreenRoad to accelerate its expansion with fleet customers and partners."

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