US-based urban transportation analytics technology developer StreetLight Data closed an oversubscribed $10m series C round yesterday backed by spinout-focused investment firm Osage University Partners (OUP). Engie New Ventures and Deutsche Telekom Capital Partners (DTCP), respective investment units of energy services provider Engie and telecoms firm Deutsche Telekom, joined undisclosed additional investors in the round. Founded in 2011, StreetLight Data has developed an urban transportation analytics platform that harnesses geospatial data collected from mobile devices, connected vehicles, internet of things sensors and other databases. The platform applies machine learning to help inform decisions on transportation matters including critical planning, infrastructure and public policy. StreetLight Data will use the capital to deliver new analytics for urban issues such as emission reductions, forecasting impacts from new transportation modes and planning sustainable infrastructure investments. The money will also drive further expansion efforts. Veery Maxwell, principal at professional services firm Ajax Strategies and director of climate change policy think-tank Energy Innovation, will join the StreetLight board of directors. StreetLight Data has now raised approximately $25.6m across five rounds, according to regulatory filings, including $2.4m from unnamed investors in August 2017. OUP contributed to a $7.5m series B round in 2016 that also featured Engie, Deutsche Telekom and Vision Ridge Partners. T-Venture, a corporate venturing division of Deutsche Telekom whose portfolio has since been folded into DTCP, co-led a $3.6m series A round in 2013 with Vision Ridge.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?