Runway Growth Capital has announced a $50 million debt commitment to Linxup, a St. Louis-based GPS tracking, telematics and fleet management provider. Runway said it will refinance Linxup’s existing debt and provide additional working capital.
Linxup which used to be called Agilis Systems, offers vehicle tracking, asset tracking and AI-enabled dash cams to small and medium-sized companies. The company offers such solutions as reporting, alerting and dashboards to commercial vehicle fleets.
In addition, the company offers video telematics with dash cameras and even lawn mower tracking. In 2020, Linxup signed a deal with Ford Data Services to integrate Ford vehicle data into its telematics software.
The company, with a satellite office in Charlotte, N.C., has 30,000 customers and says it tracks more than 200,000 vehicles, assets and equipment.
