Rodina Capital completed the acquisition of the fleet technology business of Rubicon Technologies for $94m.

Rodina Capital, a private investment firm, completed the acquisition of the fleet technology business of Rubicon Technologies, a software company, for $94m. “Through these transactions, Rubicon has significantly strengthened its balance sheet, providing a substantial cash infusion into the business to allow us to achieve our ambitious goals. This marks a transformative moment for Rubicon, aligning with our strategic vision to lead our industry by innovating and investing in sustainable practices that meet the evolving needs of both our hauler network and customer base. We are excited to leverage this newfound financial agility to drive growth, enhance our competitive edge, and deliver exceptional value to our shareholders and customers alike,” Phil Rodoni, Rubicon Technologies CEO.