KeepTruckin, a San Francisco, California-based leading fleet management platform provider for the trucking industry, as per recent reports, has just closed a Series D funding round, raising a sum total of $149 million in investment funding. The recent Series D funding round was led by Greenoaks Capital, a San Francisco, California-based venture capital & private equity firm that provides long-term investments in technology-enabled businesses all around the world, and was participated by KeepTruckin’s existing investors GV, Index Ventures, IVP, and Scale Venture Partners.
The San Francisco-based KeepTruckin has over 1,000 employees across its seven global offices. Moreover, the KeepTruckin network comprises of more than 1,000,000 registered drivers, 250,000 trucks, and 50,000 for-hire carriers. As per reports, the fleet management platform registered a 300% revenue growth last year, in 2018, and has over $50 million in annual recurring revenue.
Shoaib Makani, KeepTruckin’s co-founder and CEO, is a former partner at Khosla Ventures, who prior to that was a Business Development Manager at AdMob. He also for a brief stint worked at Google as Product Marketing Manager. KeepTruckin’s mission is to connect the world’s trucks. The company with its leading ELD and fleet management platform is focused on bringing the trucking industry online, and thus fundamentally transform the freight moving industry along the way.