Sistema and Direct Line participated in a $41m series B round for Five, which is currently trialling its autonomous driving technology in London.
UK-based autonomous driving developer Five picked up $41m yesterday in a series B round that featured insurance group Direct Line and Sistema VC, a corporate venturing subsidiary of conglomerate Sistema.
Trustbridge Partners, Lakestar, Amadeus Capital Partners, Kindred Capital and Notion Capital also took part in the round, which lifted the company’s overall funding to more than $78m since it was founded in 2015.
Five is working on autonomous driving technology that will be capable of handling mixed-use urban roads. It…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
