Zendrive raises $37 mn in Series B funding led by XL Innovate

Zendrive, which uses data analytics to make roads safer, on Thursday said it raised about $37 million in Series B funding led by US-based XL Innovate. Zendrive said the funds will help it build up its mobile driving safety solution and strengthen its global team. In February 2016, it secured $13.5 million in Series A funding led by Sherpa Capital.