KeepTruckin, the US-based developer of a fleet management system for trucking, has raised $18m from investors including GV, a corporate venturing subsidiary of internet and technology conglomerate Alphabet, Reuters has reported.
Venture capital firm Scale Venture Partners led the round, which included Index Ventures, the VC firm that led KeepTruckin’s last round, through which it received $8m in October 2015.
KeepTruckin has developed fleet management technology for trucking that revolves around an electronic logging app and a tool that automatically estimates fuel tax. It is currently used by more than 400,000 drivers.
GV, then known as Google Ventures, had previously participated in the company’s $2.3m seed round in 2013, investing alongside various angel investors.