Linxup, a St. Louis, MO-based GPS tracking, telematics and fleet management provider, raised $50M in Growth funding.
Runway Growth Capital provided the debt financing.
The company intends to use the funds to refinance existing debt and for additional working capital.
Led by CEO Drew Reynolds, Linxup provides implement vehicle tracking, asset tracking, and AI-enabled dash cams combined with software solutions, such as reporting, alerting, and dashboards, to customers that operate fleets of commercial vehicles. Customers use its solutions to provide visibility into their fleet, reduce fuel cost, increase efficiency, reduce risk, and improve driver safety. Linxup’s solutions are designed to drive significant and rapid return on investment for its customers in both the field service and transportation industries.
Linxup is headquartered in St. Louis, MO, with an additional satellite office in Charlotte, NC and a remote workforce around the US.
FinSMEs
22/11/2023