KeepTruckin, a San Francisco, CA-based electronic logs and fleet management platform for the trucking industry, secured $50m in Series C financing.
The round, which brings the company’s total funding to $78m, was led by IVP with participation from existing investors Scale Venture Partners, Index Ventures, and Google Ventures. IVP General Partner Sandy Miller will join the KeepTruckin Board of Directors and IVP Principal Roseanne Wincek will join as Board Observer.
The company intends to use the funds to invest in product development, expand sales and support teams, and enter new markets.
Led by Shoaib Makani, cofounder and CEO, KeepTruckin provides fleets with a logging device (ELD) and electronic logging and fleet management software that connects vehicles, drivers, and fleet managers and handle compliance, safety, GPS tracking, fuel tax reporting, and more.
The company has a team of 500 members over six global offices and a customer base of over 30,000 companies.
The dashboard helps teams audit driver logs, manage IFTA fuel taxes, and track vehicles in real-time.