GreenRoad, a driver behaviour and fleet performance provider, has raised $26 million in a growth round led by Israel Growth Partners. Existing investors Amadeus Capital Partners, Benchmark Capital, DAG Ventures, Generation Investment Management and Virgin Green Fund all participated. GreenRoad will use the new capital to invest in sales and marketing resources and plans to advance its technology. Zeev Braude, CEO of GreenRoad, said: “The Telematics space is changing rapidly, creating huge opportunities. Fleet executives realize that safer driving is a key to lowering operating costs, reducing environmental impact, and improving customer service provided by their mobile resource. When choosing a telematics solution, they regard the ability to create sustainable change in driver behavior as essential.”
India-based budget hotel chain OYO Rooms has raised $25 million in funding from Greenoaks Capital, Lightspeed and Sequoia. The company currently has more than 200 hotels in 10 cities as part of its brand. “We believe OYO Rooms has an incredible opportunity to deliver a consistently great experience in the budget hotel space,” Greenoaks Capital Managing Director and Founder Neil Mehta said.
Realm, which delivers data on mobile devices through databases, has raised a $20 million round of funding, led by Khosla Ventures with participation from Scale Venture Partners. Realm emerged from stealth nine months ago, and is already installed on more than 100 million devices, according to the company.
Software-defined storage company Hedvig has emerged from stealth and announced a $12.5 million round of funding led by True Ventures and Atlantic Bridge. The total funding is an accumulation of seed and Series A rounds. “We considered launching the company at the seed round stage more than a year and a half ago, but many industry experts did not believe what we were doing could be done so it didn’t make sense to publicize our company until our platform was proven and in production at several customer sites,” said Hedvig founder and CEO Avinash Lakshman.