Date of investment
2019
Deal type
growth-capital
Country
united-kingdom
Sector
technology
Status
current
Highlights
A globally leading vehicle telematics company

Trak Global Group, is a globally leading vehicle telematics company, delivering solutions to the insurance and mobility markets across North America and Europe.

  • The Company operates across two main trading businesses – connected technologies provider IMS (Insurance & Mobility Solutions), and digital insurer, Carrot
  • IMS is a sensor agnostic, end-to-end solutions provider offering Usage-based Insurance, Connected Claims and Road Usage Charging and Connected Fleets solutions
  • IMS works with some of the largest insurers, mobility operators, OEMs and Governments across North America and Europe, providing customers with the ability to capture and analyse connected vehicle and driving data by successfully building products that deliver tangible ROI in line with the customer KPIs
  • Carrot is a direct-to-consumer insurance operator that delivers a pioneering UBI product to the UK market, enhancing the Company’s position as a thought-leader in the wider insurance and telematics sectors
  • Trak Global Group continues the development and growth of market-leading data capturing sensors, software capabilities and strategic partnerships across its key markets, North America and Europe