Driver safety company DriveCam steers in $19m in Series D funding

This round comes on the heels of a strong year for DriveCam, marked by year-over-year revenue growth, an 85 per cent increase in the size of its client base, and positive cash flow for the first time in the company’s history.

“We thoroughly examined all major transportation sectors (including energy and utility fleets) and found DriveCam to be the dominant player in its field. Combining deep experience and unparalleled expertise in driver risk management, we have great confidence DriveCam will continue to build an exceptional, leading company in its markets.” said Mike Morgan, chairman and CEO of Triangle Peak. “DriveCam is on the cusp of bringing their unique video technology, data analytics and industry expertise to every enterprise fleet in the world.” Morgan is the former president of the Kinder Morgan energy companies and has joined DriveCam’s board of directors.

Triangle Peak Partners, is an investment firm focused on venture capital and private equity investments in private and public companies in the technology, energy, and alternative energy sectors. The firm has over $300m in assets under management, $165m of which is in venture capital and private equity, and has offices in Carmel, Palo Alto and Houston.

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