SageQuest raises $3.7 million fourth round
SageQuest, a provider of navigation services for fleets for trucks, said it has raised $3.7 million in a fourth round of funding.
The Beachwood, Ohio-based company said it will invest the money in product development and distribution. The round, which closed April 30th, was led by Hopewell Ventures, Gary Mintz and Mark Mintz.
SageQuest, founded in 2003, said it has has doubled in size each of the last four years. The company said it continued to grow faster than the overall industry in the first quarter. The company’s fleet-tracking and management solutions are aimed at improving the productivity of a mobile work force — that’s right, no napping on the job, truckers.
Next Story: Control4 gives you control over your home devices, raises $20M
Previous Story: Find business partners, co-founders, startup gigs and more.
About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.