AAA New World promised for FleetMatics

New World promised for FleetMatics

FleetMatics, a US-based software company for tracking vehicles, has raised $68m from a consortium including New World Ventures, a venture capital (VC) firm actively investing on behalf of Pritzker family.

Investcorp Technology Partners, a Dubai-based private equity firm, owns a majority of FleetMatics, which previously raised $25m in August 2008.

VC firm Institutional Venture Partners also invested in the latest round.

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