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.
StreetLight illuminates $10m series C
Aug 8, 2018 •
LEADERSHIP SOCIETY
Informing, connecting, and transforming the global corporate venture capital ecosystem.The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
More featured content
The key ingredients of successful spinout teams
The key ingredients of successful spinout teams
What are the most important skills that spinout founders need? How do you impart those skills? And how do teams grow over time? Here are the answers.
Events
Webinar: Innovate to heal - What does the hospital of the future look like?
Apr 10, 2024
Online
Online
Events
GCV Institute: Landing the Value of Corporate Venturing
May 6 -
May 9, 2024
Online
May 9, 2024
Online
Events
GCV Institute: CVC Investment Programs
May 21 -
May 22, 2024
Online
May 22, 2024
Online
Events
GCV Symposium 2024
Jun 24 -
Jun 26, 2024
London (UK)
Jun 26, 2024
London (UK)
Events
Corporate Venture in Brasil 2024 – International Delegation to Brazil
Oct 28 -
Oct 30, 2024
São Paulo (Brazil)
Oct 30, 2024
São Paulo (Brazil)
Top News
test reg