Route Monkey
Stage
Grant | AliveTotal Raised
$1.98MValuation
$0000Last Raised
$400K | 7 yrs agoAbout Route Monkey
Route Monkey provides scheduling and routing software solutions, for both conventional and electric vehicles (EVs). The company's EV scheduling product is designed to help fleets get the best possible return on investment from lower-mileage EVs.
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Expert Collections containing Route Monkey
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Route Monkey is included in 2 Expert Collections, including Auto Tech.
Auto Tech
3,380 items
Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.
Supply Chain & Logistics Tech
3,709 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Latest Route Monkey News
Sep 11, 2019
Let’s set aside the bonkers name as every startup is an algorithm startup nowadays. Newcastle-based The Algorithm People is actually a fleet management software developer and, yes, its software uses algorithms for route planning. Founded in April this year, TAP has raised £500k from the North East Venture Fund, managed by Mercia. If you’re going to launch yet another fleet management product into a well-served market you need a USP or at least a differentiator. Well as it happens, TAP may well have one as their product factors range-limited electric vehicles into the mix – smart! And the product when launched will be offered on a ‘pay-as-you-go’ basis to target smaller delivery firms too. Also smart. It must also be said that TAP’s founders Colin and Sarah Ferguson have form. They founded a similar business, Route Monkey, which they sold to AIM-listed telematics and data provider Trakm8 for £9.1m back in December 2015 (see Fleet management becoming key for Trakm8 ). Route Monkey still trades under its own brand and, guess what, its home page has a splash on “Route Monkey for EV (electric vehicle) drivers”. Anyway, I assume the Ferguson’s have the ‘non-compete’ stuff sorted!
Route Monkey Frequently Asked Questions (FAQ)
Where is Route Monkey's headquarters?
Route Monkey's headquarters is located at 2 Houstoun Interchange Business Park, Livingston.
What is Route Monkey's latest funding round?
Route Monkey's latest funding round is Grant.
How much did Route Monkey raise?
Route Monkey raised a total of $1.98M.
Who are the investors of Route Monkey?
Investors of Route Monkey include Scottish Enterprise, Trakm8, IP Group and Finance for Business North East Fund.
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