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KPCB makes another hefty investment by backing $93m Telogis financing

2 Oct 2013

TelogisKleiner Perkins Caufield & Byers has led a mammoth $93m financing round for mobile location-based intelligence software business Telogis, the first time the company has taken outside institutional capital.

Several unnamed growth equity and crossover institutional funds also took part in the round according to Telogis, which makes enterprise software for businesses with large numbers of mobile workers and vehicles.

It provides software for dynamic routing, real-time work order management, commercial navigation, telematics and mobile integration services.

KPCB partner Ryan Popple has joined the Telogis board as part of the financing.

He said, “Telogis improves productivity and efficiency, helping some of the world’s largest enterprises solve demanding problems in routing, navigation and business management.

“We’ve followed the company for several years, and have been continuously impressed with their ability to innovate and lead the market.”

Kleiner’s backing of the monster financing comes just two weeks after it led the biggest healthcare technology equity investment of the year by backing a $70m Series D financing round for Practice Fusion.

The company, which claims to be the largest healthcare platform in the US, also received backing from OrbiMed Advisors and Deerfield Management as well as previous venture backers Artis Ventures.

The new funding brought Practice Fusion’s total financing to $134m, and will be used to expand its burgeoning electronic medical records business.

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