Traknova raises £250k pre-seed led by SFC Capital
This article covers Traknova, a mobility startup, which has raised £250k in a pre-seed funding round led by SFC Capital to accelerate product development and commercial growth. The funding supports a single-platform telematics, videomatics and digital tracking solution aimed at UK SME fleet operators, including taxis, private hire, car rental, dealerships and smaller logistics firms.
Traknova, a mobility startup, has raised £250,000 in a pre-seed funding round led by SFC Capital to speed product development and commercial growth as it targets the UK SME fleet market. The funding backs a platform that combines hardware telematics, videomatics and digital tracking in a single dashboard aimed at smaller fleet operators left behind by enterprise-focused vendors.
Why it matters
SME fleet operators — taxis, private hire, car rental, dealerships and smaller logistics firms — often rely on a patchwork of tracking, camera and immobilisation tools that produce fragmented data and operational blind spots. Traknova’s approach attempts to simplify that stack for smaller operators and reduce the time and cost of deployment. Given projections that the UK fleet management market could reach £4.65 billion by 2031, solutions tailored to SMEs could find a significant addressable market if they can match enterprise-grade features at lower cost and complexity.
Inside the product
Traknova offers a single platform with two complementary products. Its hardware solution, already revenue-generating, integrates a GPS tracker, 4G dash camera and remote immobiliser into a single unit installed in vehicles. The company says this enables real-time monitoring, management and security across fleets.
A second product is a digital, no-hardware tracking option intended for large multi-site vehicle pools such as dealership networks. That product is designed for rapid onboarding, with the company currently testing product-market fit with major dealers.
The platform also includes an AI fleet management assistant that allows operators to query live vehicle locations, driver speed histories and trip footage using natural language rather than manual dashboard navigation. Traknova reports it has tracked more than 2 million miles and facilitated over 4,000 trips on the platform, with a qualified pipeline exceeding 1,000 vehicles.
Who are the investors?
The round was led by SFC Capital. No other investors were named in the announcement.
In the announcement, Ed Stevenson, Fund Principal at SFC Capital, said:
We're glad to back Timi and Charles. Between them they bring nearly two decades across automotive and technology. They are building something that has been missing in the UK fleet market, and we're looking forward to the journey.
If you're researching potential backers in this space:
- Explore our list of mobility venture capital firms in the UK
- Browse our directory of mobility angel investors in the UK
Founder perspective
Traknova was founded by Timi Adeyemo and Charles Alexis, who together bring almost 20 years of experience across automotive and technology. The company is a Barclays Eagle Labs alumnus and has made two strategic hires to support growth. Traknova has been recognised in the industry: it was named Fleet Management Company of the Year 2025/26 and was a finalist for Tech Startup of the Year at the Black Tech Achievement Awards.
The bigger picture
The fleet management market is currently dominated by enterprise-focused vendors such as Samsara, Verizon Connect and Geotab, which can be expensive and slow to implement for smaller operators. Traknova positions itself as an alternative for SMEs, citing a total addressable market of £1.04 billion, a serviceable available market of £260 million and a realistically obtainable market of £26 million per year at 10 percent penetration over five years.
Regulatory pressure around driver safety, insurance fraud and compliance is increasing, which could drive demand for more integrated, traceable fleet solutions among smaller operators. The deal is also another data point in early-stage mobility investment in the UK, where startups are trying to translate hardware-plus-software offerings into recurring commercial models.
The funding round and Traknova’s early traction will be watched by operators and investors alike as the company attempts to convert a sizeable SME opportunity into a sustainable business across the UK and potentially beyond.
They've invested in Traknova
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