Wavecrest Growth Partners, a growth equity firm, and MassMutual Ventures, a venture capital firm, led a $100m funding round in Cardata, a provider of tax-compliant mileage reimbursement software to leading global organizations. "Companies are turning to more efficient vehicle programs to deliver benefits and savings to their employees. As Cardata has helped tens of thousands of drivers get reimbursed for using their personal car for work, we aim to unlock more value for our users and expand our market coverage. This strategic investment from Wavecrest and MassMutual will accelerate the pace of our product innovation and help us continue to deliver a superior experience, along with new products, for our users," Sheret Ross, Cardata CEO.