Bridges Fund Management Backs Matrix Telematics

March 30, 2021

Bridges Fund Management has made a growth capital investment in Matrix Telematics, valuing the Cheshire-based fleet telematics and software provider at over £60 million. The investment, made through Bridges' Sustainable Growth Funds, will back CEO Mark Packman and the existing management team to scale Matrix’s SaaS telematics platform and expand its driver-safety and emissions-reduction solutions.

Buyers
Bridges Fund Management
Targets
Matrix Telematics
Industry
Transportation
Location
Cheshire, United Kingdom
Transaction Type
Growth capital

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