Ctrack has attracted fresh growth capital to accelerate its expansion in global telematics and fleet asset management. The company confirmed that South African private-equity firm Sanari Capital has invested approximately $14.4 million, alongside a further $9 million from long-time partner 27four Investment Managers. The funding strengthens Ctrack’s shareholder base and equips the business to deepen product innovation and scale in key international markets.
Active across Africa, Europe, the United Kingdom, and Australia, Ctrack serves logistics, construction, insurance, and public-sector customers through Crystal—its analytics platform that turns real-time data into predictive insights. Crystal helps operators cut downtime, improve driver safety and route efficiency, and protect high-value assets in complex operating environments.
The financing follows a strategic milestone in 2024, when Ctrack acquired Inseego’s international telematics business with support from Convergence Partners. That acquisition broadened Ctrack’s geographic reach and added capabilities and clients in several priority markets. With the new capital, the company will focus on integrating those assets, accelerating product roadmaps, and pursuing selective go-to-market investments.
For Ctrack, the timing is intentional. Fleet operators worldwide are facing cost pressure, volatile fuel dynamics, and tighter service-level expectations, even as they navigate connectivity gaps and security risks in certain regions. Africa, in particular, presents some of the toughest conditions—spanning infrastructure deficits, cross-border logistics complexity, rural coverage challenges, and theft and vandalism concerns. Building for these constraints has sharpened Ctrack’s engineering and operational playbooks; solutions proven in Africa are increasingly exportable to customers in Europe, the UK, and Australia who demand resilience, compliance, and measurable ROI from telematics deployments.
Sanari Capital’s Ofentse Pelle, who led the transaction, described the investment as arriving at a critical inflection point. While Ctrack is an established global player, he noted, the company’s leadership continues to pursue ambitious growth with a clear strategy and an execution track record that aligns with Sanari’s active investment style. Samantha Pokroy, Sanari’s founder and CEO, added that the deal reflects the firm’s thesis of backing technology-enabled, sector-driven growth that is not dependent solely on macroeconomic cycles.
27four’s Head of Private Markets, Rory Ord, highlighted Ctrack’s solid foundation and the opportunity to compound growth by pairing advanced technology with deep domain expertise. That combination, he said, positions the company to meet the evolving needs of fleet operators worldwide—from compliance and safety to uptime, sustainability, and total cost of ownership.
Convergence Partners welcomed the arrival of Sanari and 27four, emphasizing that the expanded investor group validates Ctrack’s global potential and provides additional support for the next phase of innovation and scaling.
Looking ahead, Ctrack will channel the new funding into three priorities: accelerating enhancements to the Crystal platform (including richer predictive models and AI-driven workflows), deepening customer success and partner ecosystems in core geographies, and expanding solution sets tailored to high-stakes verticals such as construction, cold-chain logistics, and public safety. With a strengthened balance sheet and aligned investors, Ctrack is poised to translate demanding, real-world problem-solving into durable competitive advantage—at home and across its international markets.
