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Idelic Raises $20 Million Series B Financing to Transform Transportation Safety and Insurance

Mar 26, 2021•over 4 years ago

Amount Raised

$20 Million

Round Type

series b

Pittsburgh

Description

Idelic, Inc., a Pittsburgh-based leader in commercial trucking analytics and driver management solutions, has announced the close of its Series B fundraising round, a $20 million raise led by Highland Capital Partners with participation from AXA Venture Partners. Additional participants in the round included previous investors Birchmere Ventures, Origin Ventures, TDF Ventures, and SaaS Venture Capital. In conjunction with the financing, Craig Driscoll of Highland Capital Partners will be joining Idelic’s Board of Directors.

Company Information

Company

Idelic

Location

Pittsburgh, Pennsylvania, United States

About

Idelic helps transportation fleets save time, money, and lives. The Idelic Safety Suite® is the most comprehensive driver management platform in the transportation industry, consolidating all fleet data systems into one single data management platform, giving fleets unparalleled visibility into their drivers’ behavior and safety operations. With an industry-leading Driver Watch List that utilizes advanced, proprietary Machine Learning (ML) technology, the Idelic Safety Suite helps fleets prevent crashes, reduce turnover, and lower insurance costs.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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