Fleetio has raised a total of $624 million across multiple funding rounds, achieving unicorn status with a valuation of $1.5 billion in March 2025. The Birmingham-based company provides cloud-based fleet management solutions, offering tools for fleet, fuel, and equipment management, as well as maintenance and compliance, reporting, and real-time tracking. Fleetio serves clients like Boyle, Splend, Snap Towing, and others, helping businesses optimize operations, reduce costs, and improve fleet efficiency.
Keep reading to explore Fleetio’s funding history, key investors, and what’s next for this logistics tech leader.
What Is Fleetio and What Does It Do?
Founded in 2011 and headquartered in Birmingham, Alabama, United States, Fleetio delivers cloud-based fleet management solutions for businesses of all sizes. Its platform includes fleet and equipment management, fuel tracking, maintenance scheduling, compliance monitoring, reporting, and real-time GPS tracking.
Fleetio’s solutions help clients streamline operations, minimize downtime, reduce costs, and ensure regulatory compliance. Key clients include Boyle, Splend, Snap Towing, and other fleet operators seeking scalable, technology-driven management tools.
How Much Funding Has Fleetio Raised?
- Series A
- Amount Raised: $25M
- Date: 2013
- Motivation: Platform expansion and early client acquisition.
- Series B
- Amount Raised: $50M
- Date: 2016
- Motivation: Product enhancement, team growth, and scaling operations.
- Series C
- Amount Raised: $95M
- Date: 2020
- Motivation: Broaden market reach and technology development.
- Series D
- Amount Raised: $454M
- Date: March 20, 2025
- Lead Investors: Goldman Sachs, Endeavor
- Motivation: Global expansion, platform innovation, and securing unicorn status.
Total Funding Raised: $624M
Latest Funding Date: March 20, 2025
Key Investors
- Goldman Sachs
- Details: Leading global investment banking and asset management firm.
- Investment Focus Areas: Growth-stage tech companies, logistics, and enterprise software.
- Notable Investments: High-value technology and infrastructure companies.
- Endeavor
- Details: Global investment and entrepreneurial support organization.
- Investment Focus Areas: Technology, logistics, and scalable enterprise solutions.
- Notable Investments: Growth-stage companies transforming traditional industries.
Where Is Fleetio’s Headquarters?
Fleetio is headquartered in Birmingham, Alabama, United States, providing access to enterprise clients, skilled tech talent, and strategic investment networks.
What’s Next for Fleetio?
Fleetio plans to leverage its unicorn valuation to expand its fleet management solutions globally, enhance platform automation, and integrate AI-driven predictive maintenance. The company aims to strengthen its client base, optimize operational efficiency, and maintain its leadership in logistics technology, delivering end-to-end fleet management solutions to enterprises worldwide.
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