SaaS startup Netradyne raised $65 million from Silicon Valley Bank

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SaaS startup Netradyne raised $65 million in a mix of senior and junior mezzanine (debt) financing from Silicon Valley Bank.

Netradyne is a SaaS startup that offers solutions to help the transportation industry digitise and secure itself. Netradyne plans to use the additional funds to further develop its products and expand its geographic footprint to Mexico, France, Germany, Italy, and Spain by early 2023. It provides fleet management, safety, compliance, and insurance. According to the statement, Netradyne collects and analyses data points and meaningful information to assist organisations in improving safety, retention, profitability, and enabling end-to-end transparency.

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SaaS startup Netradyne raised $65 million from Silicon Valley Bank

SaaS startup Netradyne raised $65 million in a mix of senior and junior mezzanine (debt) financing from Silicon Valley Bank.

Netradyne is a SaaS startup that offers solutions to help the transportation industry digitise and secure itself. Netradyne plans to use the additional funds to further develop its products and expand its geographic footprint to Mexico, France, Germany, Italy, and Spain by early 2023. It provides fleet management, safety, compliance, and insurance. According to the statement, Netradyne collects and analyses data points and meaningful information to assist organisations in improving safety, retention, profitability, and enabling end-to-end transparency.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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