SaaS startup Netradyne raised $65 million from Silicon Valley Bank

SaaS startup Netradyne raised $65 million in a mix of senior and junior mezzanine (debt) financing from Silicon Valley Bank.

Netradyne is a SaaS startup that offers solutions to help the transportation industry digitise and secure itself. Netradyne plans to use the additional funds to further develop its products and expand its geographic footprint to Mexico, France, Germany, Italy, and Spain by early 2023. It provides fleet management, safety, compliance, and insurance. According to the statement, Netradyne collects and analyses data points and meaningful information to assist organisations in improving safety, retention, profitability, and enabling end-to-end transparency.