Terminal Raises $20M Series A

Terminal, a Toronto-based provider of a unified telematics data infrastructure platform, has raised $20 million in Series A funding. This financing brings the total capital raised by the company to $26 million since its inception in 2023.

Investors

The round was led by Battery Ventures, with participation from Intact Private Capital, Penske, Y Combinator, and Wayfinder Ventures.

Terminal Use of Funds

Terminal plans to use the fresh capital to expand its enterprise customer base across its core markets, deepen strategic relationships with telematics providers, and support increasing demand from major insurers and Fortune 500 companies.

About Terminal

Founded in 2023 by CEO Raghav Midha and CTO Connor Giles, Terminal provides a neutral infrastructure layer for telematics data. The company's platform replaces fragmented, individual integrations with a unified API that validates data through AI-powered quality checks and converts information from over 325 telematics providers into a standardized format for industries including insurance, fleet management, logistics, and financial services.

Funding Details

Company Website: https://withterminal.com

Company: Terminal
Raised: $20M
Round: Series A
Funding Date: July 29, 2026
Lead Investor: Battery Ventures
Additional Investors: Intact Private Capital, Penske, Y Combinator, Wayfinder Ventures
Software Category: Telematics Data Infrastructure
Source: https://pulse2.com/terminal-raises-20-million-series-a-to-scale-unified-telematics-data-infrastructure-platform/amp/