Fundraise Will Accelerate Growth with New Product Releases in Fleet and Rental Industries
Zubie, a leading connected-car platform and telematics data insights provider, announced that it has closed an additional round of funding to fuel growth. Existing investors BP and Melody Capital provided the capital infusion. Paget L. Alves and Dennis Huber will join Zubie’s Board of Directors.
Scale, innovation and growth
The capital raise will be used to fund growth in the Fleet sector as well as launch new products addressing additional verticals with Zubie’s connected-car solutions.
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“This investment in Zubie underscores the market need for an end-to-end connected car solution,” said Ron LeMay, Chairman of the Board, Zubie, Inc. “There are a lot of companies focused on data collection – and there’s a lot of data out there. The marketplace needs more companies that help organize the data and extract business insight – and that’s where Zubie fills a void. We’re thrilled with the perspectives Paget and Dennis will bring to the board.”
“With a more mature hardware market, the opportunity for differentiation is in delivering usable insights in a simple, reliable package,” said Gary Tucker, CEO of Zubie. “For Zubie, 2019 will be about improved usability of our existing insights and solutions in the Fleet market, while addressing a need for real-time insight for rental businesses.”
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New Board Members
With this investment, Zubie also announced the addition of telecommunications veterans Paget L. Alves and Dennis Huber to its Board of Directors. Mr. Alves and Mr. Huber have a combined 50+ years experience in telecommunications, adding additional financial, operational and marketing experience along with expertise in product development and IT to an already talented executive slate.
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