Funding round
Cambridge Mobile Telematics Growth
Reported as "Growth Equity"
Cambridge Mobile Telematics, which works in telematics platform development in Cambridge, raised $500M in a Growth round announced on 19 Dec 2018, led by SoftBank Vision Fund. 1 firm took part. It is Cambridge Mobile Telematics' first venture round on record.
$500M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Cambridge Mobile Telematics did not disclose a valuation in this round. It is Cambridge Mobile Telematics' first venture round on record, 8 years after it was founded in 2010. It is 59% of the $850M Cambridge Mobile Telematics has raised in the venture rounds on record. Cambridge Mobile Telematics raised again 87 months later: a Growth round of $350M in Mar 2026.
Cambridge Mobile Telematics' funding rounds
Cambridge Mobile Telematics has 2 venture rounds on record. This one is highlighted.
- Growth this round 19 Dec 2018, led by SoftBank Vision Fund $500M
- Growth 24 Mar 2026, led by TPG, Allianz X and Allianz $350M
Investors
Who put money in
SoftBank Vision Fund led the round.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
213 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 13 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Discord Tech Companies | 21 Dec 2018 | $150M | $2.05B | Greenoaks |
| Tech Companies | 5 Dec 2018 | $63M | not disclosed | FTV Management Company |
| Tech Companies | 6 Dec 2018 | $34M | not disclosed | not named |
| Tech Companies | 11 Dec 2018 | $30M | not disclosed | not named |
| Tech Companies | 31 Dec 2018 | $27M | not disclosed | not named |
| Tech Companies | 11 Dec 2018 | $10M | not disclosed | not named |
| Tech Companies | 19 Dec 2018 | $5.4M | not disclosed | Edison Partners |
| Tech Companies | 12 Dec 2018 | undisclosed | not disclosed | PSG |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Cambridge Mobile Telematics raise in its Growth round?
Cambridge Mobile Telematics raised $500M in its Growth round, announced in Dec 2018.
Who led Cambridge Mobile Telematics' Growth round?
SoftBank Vision Fund led it.
What was Cambridge Mobile Telematics' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
213 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 13 times the median.
Did Cambridge Mobile Telematics raise again after this round?
Yes: a Growth round in Mar 2026 of $350M.