Tech Company Financing Transactions
Xee Funding Round
Xee, based in Marquette-Lez-Lille, secured $13.1 million from Total Energy Ventures, private investors and Via ID.
Transaction Overview
Company Name
Announced On
5/5/2017
Transaction Type
Venture Equity
Amount
$13,100,000
Round
Undisclosed
Investors
Proceeds Purpose
This fundraising from Bridgestone EMEA, Total and Cofip marks a new milestone in Xee's growth which goes hand-in-hand with: an acceleration of its commercial development and the marketing of its European roll-out which began in 2016. While big players such as Midas, Indigo and Axa have already integrated connected cars to their business model with Xee's solutions, the startup will amp up its position in Spain, Portugal, Italy and Belgium and conquer new strategic European markets, including Germany, the Netherlands and Luxembourg.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1 Rue de Menin
Marquette-Lez-Lille, 59520
France
Marquette-Lez-Lille, 59520
France
Phone
Website
Email Address
Not Recorded
Overview
Thanks to XeeConnect, it's easy to take advantage of all your vehicle's data. Simply connect it to your car's diagnostic port and go! Accelerometer, GPS chip, technical information -- the data that you would like to use are ent to your smartphone through the Bluetooth or mobile network. XeeConnect is compatible with most cars manufactured after 2002.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yvan Gravier
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