KeepTruckin Drives New Funding Round, Valued at $1.4B

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KeepTruckin, a San Francisco based trucking fleet management software developer, has announced a new funding round that not only fattens its cash pile, but puts it in a growing club of 2019’s tech startup unicorns.

The company raised $149 million in a Series D funding round. Greenoaks Capital led this new funding round, with help from Scale Venture Partners, GV, IVP and Index Ventures. KeepTruckin has raised $228 million so far.

According to Forbes, this new funding round puts KeepTruckin at a valuation of $1.4 billion. The startup is the 20th US based unicorn and ranks #6 in valuations on UnicornWatch, our exclusive list of tech based unicorns so far in 2019.

“2018 was a year of incredible growth for KeepTruckin,” said the company’s CEO Shoaib Makani, in the company’s blog.  “We expanded our team to more than 1,000 employees across seven global offices, grew our revenue by 300%, launched our Smart Dashcam, and opened up our platform to third-party developers with the new App Marketplace.”

With the new funding, KeepTruckin plans to add to its product offerings, boost the data capabilities of its software, and add to its staff.