KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion
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KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.
The round was led by G2 Venture Partners with participation from BlackRock Inc., Index Ventures, GV -- the venture capital arm of Alphabet Inc. -- as well as Greenoaks Capital, IVP, and Scale Venture Partners, chief executive officer Shoaib Makani said in an interview. The funding will help the startup develop its technology offerings in part by doubling the headcount of its research and development team to more than 700, Makani said.