Drive Spotter, a Des Moines, Iowa-based provider of a video analytics platform to improve commercial fleet vehicle and driver performance, closed a $750k round of funding.
The round was led by Grinnell Mutual Reinsurance, with participation from Voss Distributing, a multi-state Red Bull distributor, and other investors.
The company is using the funds to continue to increase its sales and development efforts.
Launched in 2015 by Chris Augeri and Andrew Prystai, Drive Spotter provides a video analytics platform for fleet managers to monitor and influence vehicle and driver performance. Initially funded by Jason Bogner, the company is a graduate of the Global Insurance Accelerator’s inaugural class in 2015.
Drive Spotter’s team has operations in Omaha, Nebraska, in Des Moines, Iowa, and Austin, Texas.
In addition to the funding, the company added two board members, Kurt Eaves, Grinnell Mutual’s vice president of underwriting, and Marty Ellingsworth, former president of Verisk ISO, a supplier of insurance industry data.