Novariant Raises $40 Million

Novariant Inc., a Fremont, Calif.-based provider of industrial GPS solutions, has raised $40 million in Series D funding. Investor Growth Capital led the round, and was joined by Sierra Ventures, Ridgewood Capital and return backers Argonaut Private Equity, Clearstone Venture Partners, Pacifica Fund, Kirlan Venture Capital and Yasuda Enterprise Development. It had previously raised around $38 million since 2003.

3 November 2008•4 mins read
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