Funding round
Cambridge Mobile Telematics Growth
Reported as "Growth Equity"
Cambridge Mobile Telematics, which works in telematics platform development in Cambridge, raised $350M in a Growth round announced on 24 Mar 2026, led by TPG, Allianz X and Allianz. 4 firms took part. It is Cambridge Mobile Telematics' second venture round on record; the one before was a Growth in Dec 2018.
$350M
Amount raised
Not disclosed
Post-money valuation
4
Investors
3 leads
Valuation
What this round says about the price
Cambridge Mobile Telematics did not disclose a valuation in this round. It came 87 months after Cambridge Mobile Telematics' Growth. It is 41% of the $850M Cambridge Mobile Telematics has raised in the venture rounds on record. No later venture round is on record for Cambridge Mobile Telematics.
Cambridge Mobile Telematics' funding rounds
Cambridge Mobile Telematics has 2 venture rounds on record. This one is highlighted.
- Growth 19 Dec 2018, led by SoftBank Vision Fund $500M
- Growth this round 24 Mar 2026, led by TPG, Allianz X and Allianz $350M
Investors
Who put money in
TPG, Allianz X and Allianz led the round with 1 other firm.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
335 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.8 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Replit Tech Companies | 11 Mar 2026 | $400M | $9.00B | Georgian |
| Verily Tech Companies | 19 Mar 2026 | $300M | not disclosed | Series X Capital |
| Harvey Tech Companies | 25 Mar 2026 | $200M | $11.00B | GIC and Sequoia Capital |
| Tech Companies | 16 Mar 2026 | $200M | $1.00B | Inflection Point Acquisition |
| Tech Companies | 4 Mar 2026 | $198M | not disclosed | not named |
| Cart.com Tech Companies | 3 Mar 2026 | $180M | not disclosed | Springcoast Capital Partners |
| Tech Companies | 10 Mar 2026 | $132M | $2.38B | Sovereign entities of the Sultanate of Oman |
| Tech Companies | 10 Mar 2026 | $95M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Cambridge Mobile Telematics raise in its Growth round?
Cambridge Mobile Telematics raised $350M in its Growth round, announced in Mar 2026.
Who led Cambridge Mobile Telematics' Growth round?
TPG, Allianz X and Allianz led it, with State Farm Ventures.
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?
335 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.8 times the median.