Disruptive Capital partially exits Tantalum in trade sale

Combined with the earlier sale of Tracker's fleet services division to Movile, the latest partial divestment represents an 8.1x return on Disruptive's original investment in Tracker.

The sale comes 17 months after the VC's most recent investment in Tantalum, a marketplace and developer of products for connected vehicles.

In recent years, the portfolio company has expanded its presence in the US via the opening of an office in Silicon Valley's Menlo Park.

Tracker forms part of CalAmp's European expansion plans and will sit alongside the group's LoJack Italia division.

Previous funding
Disruptive first invested £1m in Tantalum in 2009. Two years later it took part in a £10m funding round for the company. Most recently, Disruptive provided the business with £2.5m in follow-on funding in September 2017.

Company
Founded in 1997 as Lysanda, London-headquartered Tantalum is a marketplace and developer of software and hardware products for connected vehicles.

People
Disruptive Capital – Lincoln Jopp (partner).
Tracker – Greig Hilton (managing director).

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