Fleetmatics raises €16.5m in fresh funding from Investcorp

Irish vehicle tracking software firm Fleetmatics has received $25 million (€16.5 million) in venture capital funding from US-based private equity firm Investcorp.

9th August, 2008

Irish vehicle tracking software firm Fleetmatics has received $25 million (€16.5 million) in venture capital funding from US-based private equity firm Investcorp.

Fleetmatics chief executive Jim Travers said he preferred not to comment at this stage on the funding deal, but Companies Office filings seen by The Sunday Business Post indicate that the firm received the funding in three tranches during July.

Fleetmatics designs vehicle tracking systems, which allow firms to monitor in real time the...

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