Zendrive picks up corporates for $37m series B

Aug 21, 2019 • Callum Cyrus

Hearst Ventures and BMW iVentures were among the investors as driving analytics software provider Zendrive increased its overall funding to $52m.

US-based automotive data technology provider Zendrive secured $37m yesterday in a series B round led by XL Innovate, the venture capital arm of insurance firm XL Catlin.

The round included Hearst Ventures and BMW iVentures, respective subsidiaries of media group Hearst and carmaker BMW, as well as investment adviser Acme Capital, VC and advisory firm Nyca Partners, VC firm SignalFire and undisclosed additional investors.

Founded in 2013, Zendrive produces software that use mobile sensors, predictive algorithms and data analytics to…

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