Thomvest Ventures joins Zendrive's $13.5 mln Series A round
San Francisco-based mobile technology company Zendrive has obtained US$13.5 million in a Series A financing, bringing its total investment to US$15 million. The latest round was led by Shervin Pishevar of Sherpa Capital. Other investors included Thomvest Ventures, the US$250 million venture capital fund of Canada's Peter Thomson, as well as Nyca Partners and First Round Capital. Zendrive's technology leverages mobile sensor data to provide insights that improve safety for car passengers and drivers. It will use the new funds to grow its team and continue product development.
5 February 2016•3 mins read
