Investment Summary

Woven Capital Invests In Ridecell

On June 17, 2021, growth capital firm Woven Capital invested in information technology company Ridecell

Investment Highlights
  • This is Woven Capital’s 1st transaction in the Information Technology sector.
  • This is Woven Capital’s 3rd transaction in the United States.
  • This is Woven Capital’s 3rd transaction in California.

Investment Summary

Date 2021-06-17
Target Ridecell
Sector Information Technology
Investor(s) Woven Capital
Deal Type Growth Capital

Target

Ridecell

San Francisco, California, United States
Ridecell involved in the digital transformation of fleet businesses and operations. The company's IoT-driven automation and mobility platform help businesses modernize and monetize their fleets by combining data insights with digital vehicle control to turn today’s manual processes into automated workflows. It powers some of the most successful fleet businesses in cities across Europe and North America, including Gig Car Share from AAA. Ridecell was founded in 2009 and is headquartered in San Francisco, with offices in Madrid, Paris, Berlin, and Pune, India.

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Investor(S) 1

Investor

Woven Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2021
PE ASSETS 800M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Woven Capital is a growth stage investment firm focused in the areas of autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities. Woven Capital is a business unit of Woven Planet, a division of Toyota Motor Corp.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: California M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Nuro

Mountain View, California, United States

Nuro is an operator of an autonomous delivery company committed to using the power of technology for the greater good. Nuro founded the company with the goal of harnessing the power of robotics and artificial intelligence to solve challenges on a global scale. Nuro was founded in 2016 and is based in Mountain View, California.

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