Zubie secures USD6m in funding

Zubie, a leading connected-car platform and telematics provider serving enterprises, small businesses and consumers, today announced it has secured USD6 million in additional funding.

Melody Capital Partners, along with existing Zubie investors OpenAir Equity Partners, Castrol innoVentures, Comporium, Nokia Growth Partners and Magna, participated in the financing. This new funding further validates Zubie´s strength and growth, and the appeal of its robust platform to the insurance, automotive, fleet and other enterprise sectors.

The additional funding will be targeted toward further scaling to meet the growing demand for Zubie solutions for enterprise customers, enhancements to the core Zubie and ZinC Open API platforms, feature innovation, and expanding operations and staff.

Zubie´s expertise in integrating its cloud platform, vehicle and driver data analytics, and aftermarket OBD-based devices has proven successful in meeting the needs of its enterprise customers in several vertical industries, and is also paving the way for telematics data monetization. Additionally, since the launch of its ZinC Open API platform, the company has attracted a diverse set of developers and partners creating apps leveraging Zubie´s platform and vehicle data.

Zubie is a connected-car service focused on making driving safer, easier and less expensive for business enterprises including automotive, insurance, and mobile/telecom operators, as well as consumers and small businesses. The company was formed in 2012, and is headquartered in Charleston, South Carolina, USA.