SaaS startup Netradyne bags $65 Mn to offer fleet safety & management solutions
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SaaS startup Netradyne has raised $65 Mn from Silicon Valley Bank, which is in a mix of senior and junior mezzanine (debt) financing. In essence, mezzanine financing is a mix of debt and equity funding that gives an investor the right to convert debt (debentures) into equity (equity stocks) in a company only after other VCs and investors are paid.