Terminal Lands $20M Series A Led by Battery
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- Terminal, a Toronto-based startup, raised a $20M Series A led by Battery Ventures to scale its API connecting insurance products and commercial fleet software with telematics data.
- The startup landed Fortune 500 customers with almost no sales team, and is now "shifting gears" following the round.
Why it matters: A $20M Series A led by Battery Ventures gives Terminal capital to scale, after the Toronto startup landed Fortune 500 customers with almost no sales team — suggesting the API connecting insurance, fleet software, and telematics has strong product-led demand that capital can now accelerate.
