StreetLight Data, a US-based urban transportation analytics technology developer backed by telecommunications firm Deutsche Telekom and energy utility Engie, completed a $15m series D round yesterday.
The funding came from Osage University Partners (OUP), Macquarie Capital, Activate Capital and Ajax Investment Strategies. The round lifted the company’s overall funding to more than $40m.
Founded in 2011, StreetLight has built a big data analytics portal for the transportation industry that provides spatial and time-based statistics covering 5 million miles of roadway and multiple modes of urban travel.
The technology is intended to help cities cope with population growth and evolving modes of commuting, with the latter trend exacerbated by social distancing requirements during the Covid-19 pandemic.
Corporate venturing units Deutsche Telekom Capital Partners (DTCP) and Engie New Ventures took part in a $10m series C round for the company in 2018 alongside OUP and undisclosed other investors.
StreetLigh had previously received a total of $15.6m from Engie New Ventures, DTCP predecessor Deutsche Telekom Strategic Investments, OUP and Vision Ridge Capital Partners. It also named Ajax Investment Strategies as an existing investor in the latest round.
The original version of this article appeared on our sister site, Global University Venturing.