IIS/Drivewyze Receives $60M Investment From Sageview Capital to Accelerate Growth
07/14/20, 1:07 PM
Money raised
$60 million
Intelligent Imaging Systems Inc. (IIS) and its wholly owned subsidiary Drivewyze Inc., the leading providers of safety and efficiency solutions for the transportation industry in North America, announced today the close of a $60 million (USD) minority financing by Sageview Capital, a growth capital firm investing in leading tech-enabled businesses. This new investment will help IIS/Drivewyze continue to scale its connected truck platform in the commercial vehicle services market and achieve continued strong growth in SaaS revenue. With this investment, two members of the Sageview team will join the IIS Board of Directors – Scott Stuart, Co-Founder and Managing Partner, and Andrew Korn, Partner.
Company Info
Additional Info
AccelFoods is an early-stage venture fund investing in consumer products.
We partner with entrepreneurs to bring innovative, high-quality food and
beverage products to the forefront of the industry and create the next
generation of enduring brands. With nearly $40m under management, we are
hands-on partners that work tactically with our founders to scale their
businesses quickly and smartly. We connect the dots within the broader food
& beverage ecosystem to provide unique access, share distinct expertise,
and build solid infrastructure.