About Terminal
Terminal is a Financial Services company based in Toronto (Canada) founded in 2023 by Connor Giles and Raghav Midha. It operates as a telematic solutions are integrated into applications through an API platform. It operates on a API-as-a-Product model in Financial Services and Transportation, Automotive & Logistics sectors. Terminal has raised $43.1 million across 3 funding rounds from investors including Wayfinder Ventures, Golden Ventures and Y Combinator. Its chief executive is Raghav Midha. Its website withterminal.com draws about 18 thousand monthly visits. Terminal offers products and services including Universal API for Telematics. Its focus areas include Technology, Software and API Solutions. Its competitors include Redkik, Damoov, Draivn, Raxel Telematics and Motori and 1 more; 3 of its 6 listed competitors have raised funding.
Company details
Terminal is engaged in offering a universal API that simplifies telematics integrations for applications. Services are provided to connect applications to various telematics platforms without handling underlying complexities. Solutions are tailored for sectors like fleet management, carrier TMS, digital brokerage, insurance, factoring, and fuel cards. Data from multiple sources is unified to enhance fleet performance insights, increase revenue through ELD provider integrations, and build custom visibility solutions. Telematics data is leveraged to improve products, verify deliveries, and gain customer performance insights.
- Headquarters Toronto, Canada
- Founders Connor Giles, Raghav Midha
- SectorsFinancial ServicesTransportation, Automotive & Logistics
- Email••••••••
- Website withterminal.com
- Social LinkedIn
- Total Equity Funding$43.1M (USD)
in 3 rounds
- Latest Funding Round$20M (USD), Series A
Jul 2026
- InvestorsWayfinder Ventures
& 10 more
Products & Services of Terminal
Terminal offers a comprehensive portfolio of products and services, including Universal API for Telematics.
A single API for telematics integrations is provided.
Funding Insights of Terminal
Terminal has successfully raised a total of $43.1M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in July 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $43.1M
- Total Rounds 3
- Last Round Series A — $20M
- First Round $3.1M
(Dec 2023)
- Investors Count 11
All 3 funding rounds of Terminal with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2026 | $20M | Series A | – | Battery Ventures | |
| Jul 2026 | $20M | Series A | – | Battery Ventures | |
| Dec 2023 | $3.1M | Seed | – | Golden Ventures |
11 investors in total: 7 institutional and 4 angel.
Investors in Terminal
Terminal has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wayfinder Ventures, Golden Ventures and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage investments are directed toward North American startups. | – | golden.ventures | Toronto, Canada | |
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Pre-seed venture capital funding is offered to early-stage founders. | – | northside.ventures | - | |
- | – | mcvestcovc.tcc.mode | - | |
- | – | battery.com | - | |
Seed-stage investments in early B2B startups are made by Wayfinder. | 1996 | wayfinder.com | Stockholm, Sweden | |
- | – | penske.com | - | |
AB Alex Barrett | - | – | unknown_8ad57124dfe84b669 | - |
JF JJ Fliegelman | Angel investor and entrepreneur, co-founder of WayUp, active in Indian startup ecosystem | – | unknown_232be5cf1a4e4967b | - |
LW Liz Wessel | Co-founder of WayUp, angel investor, Forbes 30 Under 30 | – | unknown_738019a8c2e34b84a | - |
Investor details for Terminal
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Terminal
8 people are tracked at Terminal (2 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Connor Giles | Co-Founder | Leadership |
Raghav Midha | Co-Founder & CEO | Leadership |
Jeff H. | Founding Engineer | Team |
Mike Tassone | Founding Account Executive | Team |
Jason Rai | Founding Engineer | Team |
Navin Badrinarayan | Partnerships Manager | Team |
Adesh Nalpet Adimurthy | Founding Engineer 🫡 | Team |
Filip Sierpinski | Founding Account Executive | Team |
Complete people profiles for Terminal
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Timeline of Terminal
3 dated milestones of Terminal across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Terminal is founded.
- Funding First funding round of $3.1M.
- Funding Latest funding round, Series A, of $20.0M.
Competitors of Terminal
Terminal has 6 listed competitors in our database, 3 of them funded. They include Redkik, Damoov, Draivn, Raxel Telematics and Motori, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| redkik.com | 2018 | Joensuu, Finland | $3.3M | 9 | Marine cargo insurance risk analysis and quoting solutions are provided. | |
| damoov.com | 2021 | Henderson, United States | – | – | Provider of telematics & web-based fleet management solutions | |
| draivn.com | 2020 | The Hague, Netherlands | $3.21M | – | AI-based software for insurance pricing and risk assessment is provided. | |
| raxeltelematics.com | 2013 | Moscow, Russia | $200,000 | – | Telematics data is provided for driving-based insurance pricing. | |
| motori.com | 2001 | Abu Dhabi, United Arab Emirates | – | – | Provides digital solutions for motor insurance risk assessment and claims management services. | |
| transharpe.com | 2012 | Charlotte, United States | – | – | Provides platforms for insurance compliance and fleet management solutions. |
Detailed competitors of Terminal
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Web traffic of Terminal
The website of Terminal (withterminal.com) receives about 18.4K visits a month.
- Monthly visits18.4K
▲ 224.1% vs previous month
Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as Terminal (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | 699 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Terminal
Complete news archive for Terminal
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Frequently Asked Questions about Terminal
Terminal was founded in 2023.
Terminal is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Raghav Midha is the current CEO of Terminal. They have also founded this company.
Terminal is a funded company, having raised a total of $43.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.1M, raised on Dec 2023.
Terminal is engaged in offering a universal API that simplifies telematics integrations for applications. Services are provided to connect applications to various telematics platforms without handling underlying complexities. Solutions are tailored for sectors like fleet management, carrier TMS, digital brokerage, insurance, factoring, and fuel cards. Data from multiple sources is unified to enhance fleet performance insights, increase revenue through ELD provider integrations, and build custom visibility solutions. Telematics data is leveraged to improve products, verify deliveries, and gain customer performance insights.
Terminal offers Universal API for Telematics.
Terminal has 11 investors. Key investors include Wayfinder Ventures, Golden Ventures, Y Combinator, Northside Ventures, and McVestCo VC.