# SmartDrive Systems funding: rounds and investors

> SmartDrive Systems has raised $268M across 7 rounds since 2007. Investors include Oak Investment Partners, New Enterprise Associates and Founders Fund.

Source: https://millionrounds.com/company/smartdrive-systems (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *SmartDrive Systems*

7 rounds we have observed, with the 11 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Logistics

Funding summary Updated 26 Oct 2026

**$268M** raised across 7 rounds since 2007, from 7 sources

**$46M** Series D **$25M** Series E **$10M** Venture **$47M** Venture **$50M** Venture **$90M** Round

- **Latest round:** Round, $90M Sept 2019
- **Led by:** TPG Sixth Street Partners
- **Step-up i:** 1.8×
- **Investors:** 11 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2007 2009 2011 2013 2015 2017 2019

**?** Series C

**$46M** Series D

**$25M** Series E

**$10M** Venture

**$47M** Venture

**$50M** Venture

**$90M** Round

- **First round:** Series C
- **Biggest round:** $90M
- **Usual gap between rounds:** 2.1 years

## The rounds

- **Sept 2019** Round **$90M** *3 new* *1 returning* [TPG Sixth Street Partners](https://millionrounds.com/fund/tpg-sixth-street-partners) Lead [NewView Capital](https://millionrounds.com/fund/newview-capital) [Michelin](https://millionrounds.com/fund/michelin) [WABCO](https://millionrounds.com/fund/wabco) Reported by FinSMEs
- **Mar 2015** Venture **$50M** *1 new* *2 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) [WABCO](https://millionrounds.com/fund/wabco) From a historical funding record
- **Jun 2012** Venture **$47M** *1 new* *2 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) [Stanford University](https://millionrounds.com/fund/ahpcrc) Reported by finsmes.com
- **Aug 2011** Venture **$10M** No investor was named in the report. Reported by sec.gov SEC filing: $10M sold, first sale Aug 2011
- **Dec 2009** Series E **$25M** *2 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) Reported by smartdrive.net SEC filing: $12M sold, first sale Oct 2009
- **Nov 2007** Series D **$46M** *2 new* *4 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) [Western Technology Investment](https://millionrounds.com/fund/wti) [Revolution Ventures](https://millionrounds.com/fund/revolution-ventures) [Edelson Technology Ventures](https://millionrounds.com/fund/edelson-technology-ventures) Reported by fleetowner.com
- **Jan 2007** Series C **Amount undisclosed** *4 new* [Founders Fund](https://millionrounds.com/fund/founders-fund) [Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) [Western Technology Investment](https://millionrounds.com/fund/wti) [Revolution Ventures](https://millionrounds.com/fund/revolution-ventures) Reported by clariumventures.net

## Founders and team

From the SEC filings it signed: 1 on the team.

- **Palmer Jason** Executive Officer, Director i

On the board, as filed i *Blandel Cerano* *Richard Kramlich* *Robert Siegel* *Vucina David*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series C** 2007 **Series D** 2007 **Series E** 2009 **Venture** 2011 **Venture** 2012 **Venture** 2015 **Round** 2019 [Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Western Technology Investment](https://millionrounds.com/fund/wti) [Revolution Ventures](https://millionrounds.com/fund/revolution-ventures) [WABCO](https://millionrounds.com/fund/wabco) [TPG Sixth Street Partners](https://millionrounds.com/fund/tpg-sixth-street-partners) L [Stanford University](https://millionrounds.com/fund/ahpcrc) [NewView Capital](https://millionrounds.com/fund/newview-capital) [Edelson Technology Ventures](https://millionrounds.com/fund/edelson-technology-ventures)

## Everyone who backed them

[Oak Investment Partners](https://millionrounds.com/fund/oak-investment-partners) Private equity **5** rounds

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **4** rounds

[Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **2** rounds

[Western Technology Investment](https://millionrounds.com/fund/wti) VC firm **2** rounds

[Revolution Ventures](https://millionrounds.com/fund/revolution-ventures) VC firm **2** rounds

[WABCO](https://millionrounds.com/fund/wabco) Corporate VC **2** rounds

[TPG Sixth Street Partners](https://millionrounds.com/fund/tpg-sixth-street-partners) Investment firm **1** round, led 1

[Stanford University](https://millionrounds.com/fund/ahpcrc) VC firm **1** round

[NewView Capital](https://millionrounds.com/fund/newview-capital) VC firm **1** round

[Edelson Technology Ventures](https://millionrounds.com/fund/edelson-technology-ventures) VC firm **1** round

[Michelin](https://millionrounds.com/fund/michelin) Corporate VC **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=smartdrive-systems).

## Quick answers about SmartDrive Systems

### Who invested in SmartDrive Systems?

SmartDrive Systems's investors include Oak Investment Partners, New Enterprise Associates, Founders Fund, Western Technology Investment and Revolution Ventures, and 6 more on record. TPG Sixth Street Partners led its latest round.

### How much has SmartDrive Systems raised?

SmartDrive Systems has raised $268M across 7 rounds since 2007. One round did not disclose an amount, so the total is a floor.

### When did SmartDrive Systems last raise?

SmartDrive Systems's most recent round was an Undisclosed round of $90M in Sept 2019, led by TPG Sixth Street Partners.

### What was SmartDrive Systems's biggest round?

Its most recent round, $90M in Sept 2019, is also its largest on record.

### Who backed SmartDrive Systems first?

SmartDrive Systems's first round on record, in Jan 2007, was backed by Founders Fund, Oak Investment Partners and Western Technology Investment and 1 others.

### What stage is SmartDrive Systems at?

SmartDrive Systems's latest named round is an Undisclosed round, in Sept 2019.

### Where is SmartDrive Systems based?

SmartDrive Systems is based in the United States.

### Who led SmartDrive Systems's rounds?

TPG Sixth Street Partners led the Undisclosed round in 2019.

## Companies like SmartDrive Systems

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