Vehcon uses smartphone technologies and patent-pending solutions to extract predictive vehicle data such as odometer readings and area of operation. The company provides a platform that communicates offers from marketing partners back to consumers to reduce total ownership costs. Vehcon announced a $1.2 million Series A to fund its Phase I market launch, with proceeds earmarked for product development and scaling the technology platform and team. The executive team includes Co-Founder and CEO Fred Blumer, Co-Founder and CTO Joe Fuller, VP Product Lior Weinstein, and VP Data Randy Holmes. Vehcon was founded in 2012 and is headquartered in Atlanta, Ga., and is associated with Flashpoint and the ATDC accelerator. The founding team has prior exits and telematics experience, including Blumer’s co-founding of Hughes Telematics, which sold to Verizon for $612 million.

Total raised

$1M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2013