Fleet management solutions provider Coretex has raised $6 million of capital for planned growth into North America.
The company recently reported 35% year-on-year recurring revenue growth.
“Our construction supply solutions have become the dominant force in both Australia and New Zealand and now is the right time to launch them into North America,” Coretex chief executive Selwyn Pellett says.
Milford Finance helped Coretex raise the $6 million.
Investment director at Milford, Brooke Bone says Coretex is an exciting company to invest in.
“It solves so many regulatory, safety, productivity and efficiency issues for both corporate and SMB clients.”
Coretex provides active fleet management for operators with trucks, refrigerated trailers, dry trailers, waste and recycling trucks and ready mix fleets.
