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Cobli releases their new usage based insurance

July 22, 2021

Sao Paulo-based Cobli announced it has raised a R$175 million round led by SoftBank with participation from Qualcomm Ventures, NXTP Ventures , Fifth Wall and Valor Capital Group , bringing its total funding to R$250 million. Founded in 2015, Cobli develops IoT tracking technology for corporate fleets to allow clients to monitor fleet vehicles in real-time.

“Covid and the pandemic have permanently altered the supply chain, bringing up new transparency requirements and faster deliveries. This investment will help Cobli put IoT technology in the hands of fleet managers of all companies in Brazil and accelerate the wave of connectivity in the sector, empowering the best field operations.” – Parker Treacy co-founder, and CEO.

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