Coretex raises $6M in funding round led by Milford Asset

Thu, 24 Aug 2017

By Jonathan Underhill Aug. 24 (BusinessDesk) - Coretex, a fleet management software provider run by entrepreneur Selwyn Pellett, said it raised $6 million to help fund its growth in North America. Existing shareholders including Milford Asset Management participated in the funding round. Milford initially invested $6 million last year after Coretex was formed from the merger of fleet management companies International Telematics Holdings and Imarda. Pellett, who is chief executive and a director of the company, said its 'construction s...

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