FleetCor has raised a total of $100M, most recently in a Series E round led by Summit Partners in April 2009. The company is a global provider of specialized payment solutions for businesses, commercial fleets, major oil companies, petroleum marketers, and government organizations.
What is FleetCor and What Does It Do?
Founded in 2000, FleetCor provides fleet payment and financial solutions globally. The company manages over 500,000 commercial accounts and millions of cardholders across North America, Europe, Africa, and Asia. Its platform enables businesses to streamline fuel purchasing, payments, and expense management while improving reporting and fraud prevention.
FleetCor partners with major oil brands, regional petroleum marketers, commercial fleets, and government clients to simplify payment processes, maintain compliance, and optimize operational efficiency.
How Much Funding Has FleetCor Raised?
- Series E (Apr 2009)
- Amount Raised: $100M
- Lead Investors: Summit Partners
- Motivation: Grow internationally, invest in technology infrastructure, and strengthen partnerships with major oil companies.
Total Funding Raised: $100M
Latest Funding Date: April 2009
Key Investors
Summit Partners
- Details: Global alternative investment firm founded in 1984 with over $23B in capital raised.
- Investment Focus Areas: Technology, healthcare, financial services, and consumer.
- Notable Investments: Uber, Avast, McAfee
- Role with FleetCor: Provided capital and strategic guidance to expand the network, enhance technology, and scale operations.
Where Is FleetCor’s Headquarters?
FleetCor is headquartered in North America, serving as the central hub for global operations, technology development, and strategic partnerships. This location enables close coordination with commercial clients, oil partners, and financial networks.
What’s Next for FleetCor?
FleetCor is focused on enhancing its technology platform and fraud prevention tools, expanding into new international markets, particularly in Europe, Africa, and Asia, and deepening partnerships with key clients while optimizing operational efficiency. The company remains a trusted partner for businesses, commercial fleets, and government organizations, leveraging technology and operational expertise to maintain its leadership in fleet payment solutions.
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