Zubie raises $6M

What does Zubie do?

Zubie, is a leading connected car platform and telematics provider serving small businesses, enterprises and consumers. This connected car app provides location tracking, alert and location sharing and driver scoring services. This app and service makes car ownership and driving fun and social for consumers. It is a free app which enables easy location tracking of family members and private location sharing with friends during trips. Users can also upgrade to the paid solution which includes Zubie Key, a small device that can be plugged into the care and it delivers real time engine health monitoring, good insight into car value and upcoming maintenance costs. Customers can save money and make the right decision about trade-ins. The company apart from consumer solutions also focuses on fleet management and UBI- User Based Insurance. Zubie Key includes a GPS unit, accelerometer and connectivity back to its cloud servers. This app is available for iOS and Android users.

How much Zubie was funded?

 The company raised $6M in undisclosed round on May 25, 2016 from Melody Capital Partners, Magna, Castrol innoVentures, Comporium, Nokia Growth Partners (NGP) and OPENAIR Equity Partners

Previous funding

• Undisclosed amount on May 1, 2012 from Best Buy
• $10M in Series A on December 12, 2013 from Castrol innoVentures, OPENAIR Equity Partners and Comporium
• $8M in Series B on August 11, 2014 from Nokia Growth Partners (NGP), Comporium, Magna International, OPENAIR Equity Partners and Castrol innoVentures
• $1.87M in undisclosed round on June 5, 2015

What is next for Zubie?

The company will use the latest funding raised for further validating its strength and growth and the appeal of its robust platform for the automotive, insurance fleet and enterprise sectors. The additional funding will be used for further scaling to need the growing demand for the company’s solutions, expanding staff and operations and for feature innovation.