MENLO PARK, Calif., Dec. 2 /PRNewswire/ -- Leader Ventures, an investment firm offering blended debt and equity financing, announced today that it has provided a $4 million term loan to DriveCam, the leading provider of driver risk management solutions, which reduces claims costs and saves lives by improving the way people drive.

DriveCam offers a behavior-based risk mitigation solution that predicts and prevents risky driving behaviors likely to result in collisions. Through its experience, DriveCam has developed deep industry expertise across a variety of fleets, including transit, utilities and energy, trucking and distribution, solid waste, concrete and construction, telecom, residential and commercial services, and government and municipalities.

"DriveCam has developed an innovative solution to help drivers improve their driving, which ultimately makes our roads safer," said Patrick Gordan, managing director at Leader Ventures. "The combination of proprietary technology, which continuously monitors and identifies risky driving - along with driver analysis and coaching - has reduced the cost of claims in hundreds of thousands of cases. We look forward to DriveCam continuing to make an even bigger impact on our roads in the future."

"We enthusiastically welcome the support from Leader Ventures so DriveCam can continue to grow and help our clients realize a 50% or greater reduction in costs associated with risky driving and ensure road safety everywhere," said Brandon Nixon, CEO of DriveCam.

About DriveCam:

DriveCam is a global Driver Risk Management company that helps clients dramatically reduce claims costs and saves lives by improving the way people drive. By combining sight and sound, expert analysis and driver coaching, DriveCam has reduced vehicle damages, workers' compensation and personal injury costs by more than 50 percent in over 120,000 commercial and government vehicles. DriveCam has the world's largest database of more than 15 million actual risky driving behaviors, which the company uses to optimize its proprietary analytics and scoring. DriveCam has been included on Inc. Magazine's list of the 500 fastest-growing, privately held companies in the U.S. for three consecutive years. For more information, visit www.drivecam.com.

About Leader Ventures:

Leader Ventures is a private investment firm providing blended debt and equity financing to a diversified portfolio of private and public companies. With offices in San Francisco and Menlo Park, the firm invests primarily in the U.S. and employs a variety of loan plus equity structures to invest in companies at different developmental stages, across diverse industry segments. For more information, please visit www.leaderventures.com.

Leader Ventures PR Contact:
Paulien Ruijssenaars
650.279.8957
paulien@ruijssenaars.com

SOURCE Leader Ventures

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