Wednesday, December 2, 2009
DriveCam Gets $4M In Debt
San Diego-base dDriveCam, which develops systems for monitoring fleet drivers to reduce risky driving, has raised $4M in a debt funding, according to Leader Ventures, the lender in the deal. Leader said the funding came in the form of a term loan. DriveCam is venture backed by Chopra Ventures, Insight Venture Partners, Integral Capital Partners, JMI Equity, Menlo Ventures, the Tech Coast Angels, and Triangle Peak Partners.