The Next Evolution In Fleet & Driver Management:
- Delivers products that allow fleet managers to reduce fleet risk, increase driver safety and comply with growing governance and compliance regulations.
- Merged 4 key technologies: video input systems (cameras and scanners), smart processing systems, communications systems and unique algorithmic IP to deliver intelligent driver and fleet safety systems.
- Revenue €2.9 million in 2018, the first full year of trading, and its expected to be €5m+ in 2019.
- Series A round is anticipated in Q4; this is expected to produce a substantial uplift on the Fund’s original investment.
Founders: Mervyn O’Callaghan CEO and Simon Murray.
- Market growing at CAGR of 20%
- 350 customers and adding between 10 to 35 per month
- Contract length between 3 & 5 years (revenue visibility excellent)
- MoM growth rates in recurring revenue (RR) of 14%