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Venture Capital News: Idelic Raises $20M Series B

2021-03-26
PITTSBURGH, PA, Idelic has closed a Series B fundraising round, a $20 million raise led by Highland Capital Partners.
Idelic, a Pittsburgh-based leader in commercial trucking analytics and driver management solutions, has closed a Series B fundraising round, a $20 million raise led by Highland Capital Partners with participation from AXA Venture Partners. Additional participants in the round included previous investors Birchmere Ventures, Origin Ventures, TDF Ventures, and SaaS Venture Capital.

Idelic makes trucking safer and more efficient by preventing accidents, reducing driver turnover, lowering insurance costs, and saving lives. Idelic was founded by Co-Founders Hayden Cardiff, Nick Bartel, and Andrew Russell, all Carnegie Mellon University graduates.
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