Praetura Ventures led the financing alongside ACT Capital Partners to support team growth and market expansion.
"Right now there is a huge opportunity for PixelMax, but to get to the next level we need an investment partner that can provide strategic guidance and support, as well as an injection of capital. The team at Praetura Ventures not only share our ambitions, they have a track record of supporting businesses just like ours and this deal represents a significant milestone in our growth journey."
The funding round was led by TechOne alongside Startup Wise Guys and Selahattin Zoralioğlu.
"We have completed a strategic investment process that will support the growth of our company in the European market, which we established with a global vision from day one to create happier, connected and inclusive work atmosphere. Sorwe will lead the HR sector globally with its end-to-end approach and create a new category in this field."
Bridges Fund Management backs Matrix Telematics to support safer and more efficient driving.
"We’re delighted to partner with Bridges. We were looking for an investor who not only shared our vision and ambition for the company’s growth, but also really understood our mission to improve driver safety and reduce accidents on our roads. Their experience of scaling companies like ours – plus their impact expertise in powering better outcomes – will be highly beneficial as we enter the next phase of our growth."
