When was Coretex founded?

Coretex was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Coretex located?

Coretex is headquartered in Auckland, New Zealand.

Which legal entities is Coretex associated with?

Coretex is associated with CORETEX LIMITED and 3 others.

How many employees does Coretex have?

As of Jul 01, 2024, the latest employee count at Coretex is 51 - 200.

Is Coretex a funded company?

Coretex is a funded company, having raised a total of $8.34M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Oct 30, 2015.

How much is Coretex worth?

The last known valuation of Coretex was $***** as of Jul 14, 2021.

When was the latest funding round of Coretex?

Coretex's latest funding was a $***** Series A round on 2019, with participation from 1 investor.

What is the annual revenue of Coretex?

Annual revenue of Coretex is between $100M and $500M as on Mar 31, 2024

Where does Coretex rank among its competitors?

Coretex ranks 93rd amongst 1871 active competitors, of which 122 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was GoMotive, which secured $150M in May, 2025.

Who are the top competitors of Coretex?

Coretex's top competitors include Samsara, GoMotive and Radius. Among them, GoMotive secured the most recent funding round in May, 2025.

Coretex - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Coretex an acquired company?

Coretex got acquired by Eroad on Jul 14, 2021.

Company Details

Coretex develops and supplies fleet management solutions to transport operators. Formed from the merger of International Telematics and Imarda, Coretex’s solutions include the ibright system and the i360 Action Engine. ibright system is a single platform telematics solution that provides intelligence about fleet movements and individual assets. ibright is utilized by customers operating fleets of refrigerated assets, trucks, tractors, dry vans and rail assets.

Website: www.coretex.com/
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Key Metrics

Founded Year

2015

Location

Auckland, New Zealand

Stage

Acquired

Total Funding

$8.34M in 3 rounds

Latest Funding Round

Series A, 2019, $*****

Last Known Valuation

$***** as on Jul 14, 2021

Investors

Milford & 17 more

Ranked

93^rd among 1871 active competitors

Annual Revenue

$100M - $500M as on Mar 31, 2024

Employee Count

51 - 200 as on Jul 01, 2024

Similar Companies

Samsara & 771 more

Exit Details

Acquired by Eroad (Jul 14, 2021)

View Coretex's full profile

Coretex is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
CORETEX LIMITED CIN: 5604490 , New Zealand, Active	Feb 18, 2015	-	-
EROAD LIMITED CIN: 1036814 , New Zealand, Active	May 16, 2000	$100M - $500M (As on Mar 31, 2024)	-
CORETEX LTD CIN: 15219929 , United Kingdom, Active	Oct 18, 2023	-	-
EROAD FINANCIAL SERVICES LIMITED CIN: 3400331 , New Zealand, Active	Jun 06, 2011	-	-

Coretex got acquired by Eroad on Jul 14, 2021 at an acquisition amount of $*****.

Click here to take a look at Coretex's acquisition in detail

Coretex has raised a total funding of $8.34M over 3 rounds. Its first funding round was on Oct 30, 2015. Its latest funding round was a Series A round on 2019 for $*****. 1 investor participated in its latest round. Coretex has 6 institutional investors and 12 angel investors.

Here is the list of recent funding rounds of Coretex:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2019	2464	Series A	8265	4256	6741	2475
Aug 24, 2017	5370302	Series A	6546937	3785497	6598376	1031414
Oct 30, 2015	7453548	Series A	2445397	5046815	Milford	7736382

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View details of Coretex's funding rounds and investors

The founders of Coretex are Mark Shane Stuart and Mark Terrence Giles.

Here are the details of Coretex's key team members:

Mark Shane Stuart: Co-Founder of Coretex. They serve on the boards of 5 companies.
Mark Terrence Giles: Co-Founder of Coretex. They serve on the board of 1 company.

Coretex's Board of Directors

Coretex's board has 6 active members. Mark Terrence Giles, Brooke Bone and Selwyn Lyall Pellett are part of team and David Graeme Beard, Donna Larelle Marris and Samford L. Maier are independent board members.

Here is the list of Coretex's board of directors:

Name	Type	Representing	Status	Duration
Mark Terrence Giles	Team	-	Current	10y 8m
qnsxnxc	Team	-	Past	8y 6m
slmdelx	Team	-	Past	9y 7m
orckjbo	Team	-	Current	8y 7m
atmhhup	Team	-	Current	3y 3m
David Graeme Beard	Independent board member	-	Current	6y 11m
bmuqvey	Independent board member	-	Current	3y 2m
bomwhyz	Independent board member	-	Current	5y 6m

View details of Coretex's Founder profiles and Board Members

Coretex's employee count trend

Coretex has 51 - 200 employees as of Jul 24. Here is Coretex's employee count trend over the years:

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Top competitors of Coretex include Samsara, GoMotive and Radius. Here is the list of Top 10 competitors of Coretex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Samsara 2015, San Francisco (United States), Public	Platform offering AI-powered and cloud-based vehicle tracking solutions for fleet owners	$915M	Andreessen Horowitz, General Catalyst & 13 others	86/100
2nd	GoMotive 2013, San Francisco (United States), Series F	AI-powered fleet management platform	$717M	Greenoaks, Kleiner Perkins & 28 others	77/100
3rd	Radius 1990, San Francisco (United States), Acquired	Predictive marketing and sales platform	$333M	BBVA Ventures, Founders Fund & 18 others	75/100
4th	Wright Express 1983, Portland (United States), Public	Provider of fleet management, employee benefits, and business payment solutions	-	NewStar Financial, Granite Health Growth Partners ... & 5 others	72/100
5th	Omnitracs 1985, Dallas (United States), Acquired	Provider of cloud-based fleet management solutions	-	Apollo Investment Corporation, Partners For Growth ... & 1 others	71/100
6th	Element 1946, Baltimore (United States), Public	Fleet management and maintenance services	$125M	ValueAct Capital	69/100
7th	LightMetrics 2015, Bengaluru (India), Series A	Provider of video telematics solutions for telematics service providers	$10.7M	Beenext, Peak XV Partners & 10 others	68/100
8th	Netradyne 2015, San Diego (United States), Series D	AI-powered fleet safety camera system	$297M	SoftBank Vision Fund, M12 & 11 others	67/100
9th	Lytx 1998, San Diego (United States), Acquired	Provider of video telematics and fleet management solutions	$153M	HarbourVest Partners, PSP Investments & 17 others	66/100
10th	Platform Science 2014, San Diego (United States), Series C	Provider of integrated solutions for fleet management	$293M	SoftBank Vision Fund, Prologis & 19 others	65/100
93rd	Coretex 2015, Auckland (New Zealand), Acquired	Fleet management and business intelligence	$8.34M	Milford, Constellation Capital & 16 others	45/100