About XRS Corporation
XRS Corporation is a company based in Eden Prairie (United States) founded in 1985 was acquired by Omnitracs in September 2014.. XRS Corporation has raised $39.01 million across 3 funding rounds from investors including Omnitracs, TCV and Trident Capital. XRS Corporation has completed 2 acquisitions, including GeoLogic Solutions and Turnpike Global Technologies. XRS Corporation operates in a competitive market with competitors including LogRock, Gorilla Safety, BluAgent, Infospectrum and Powereld, among others.
- Headquarter Eden Prairie, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.01 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series B
Dec 04, 2009
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Investors
Omnitracs
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
GeoLogic Solutions
& 1 more
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Acquired by
Omnitracs
(Sep 02, 2014)
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Funding Insights of XRS Corporation
XRS Corporation has successfully raised a total of $39.01M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in December 2009. 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 Total Funding
- Total Rounds 3
- Last Round Series B — $30.0M
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First Round
First Round
(20 Jun 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2009 | Amount | Series B - XRS Corporation | Valuation |
investors |
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| Apr, 2009 | Amount | Series A - XRS Corporation | Valuation |
investors |
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| Jun, 2007 | Amount | Series A - XRS Corporation | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in XRS Corporation
XRS Corporation has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Omnitracs, TCV and Trident Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Stage-agnostic investments in US ventures are made by Trident Capital.
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Founded Year | Domain | Location | |
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Cloud-based fleet management solutions are provided for transportation operations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by XRS Corporation
XRS Corporation has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include GeoLogic Solutions and Turnpike Global Technologies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Geologic consulting and environmental solutions are provided to clients.
|
2004 | ||||
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AI and web-enabled solutions for transportation management are provided.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - XRS Corporation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xrs Corporation Comparisons
Competitors of XRS Corporation
XRS Corporation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LogRock, Gorilla Safety, BluAgent, Infospectrum and Powereld, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Web-based solutions for trucking compliance management are provided.
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| domain | founded_year | HQ Location |
Offers software for truck repairs, ELD compliance, and fleet tracking in transportation.
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| domain | founded_year | HQ Location |
Software and hardware solutions for fleet management are provided.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are provided for the logistics industry.
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for fleet compliance management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xrs Corporation
Frequently Asked Questions about XRS Corporation
When was XRS Corporation founded?
XRS Corporation was founded in 1985 and raised its 1st funding round 22 years after it was founded.
Where is XRS Corporation located?
XRS Corporation is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Is XRS Corporation a funded company?
XRS Corporation is a funded company, having raised a total of $39.01M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 20, 2007.
What does XRS Corporation do?
XRS Corporation was founded in 1985 in Eden Prairie, United States, within the transportation sector. Commercial vehicle telematics are utilized to offer fleet management solutions that emphasize data-driven insights for regulatory compliance and cost reduction. Mobile-based products are provided without upfront costs. The company was renamed XRS Corporation in 2012 and acquired by Omnitracs in September 2014.
Who are the top competitors of XRS Corporation?
XRS Corporation's top competitors include LogRock, Infospectrum and GroundCloud.
How many acquisitions has XRS Corporation made?
XRS Corporation has made 2 acquisitions, including GeoLogic Solutions, and Turnpike Global Technologies.
Who are XRS Corporation's investors?
XRS Corporation has 3 investors. Key investors include Omnitracs, TCV, and Trident Capital.