About Bestpass
Bestpass is a company based in Albany (United States) founded in 2001. Bestpass has raised $119.12 million across 3 funding rounds from investors including Sixth Street Specialty Lending, Insight Partners and Susquehanna Growth Equity. Bestpass has completed 3 acquisitions, including Drivewyze, ExpressTruckTax and Fleetworthy Solutions. Bestpass offers products and services including Toll Management Platform and Transponder Coverage. Bestpass operates in a competitive market with competitors including Relay Payments, tapNpay, Peach Pass, GoToll and NextPass, among others.
- Headquarter Albany, United States
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$119.12 M (USD)
in 3 rounds
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Latest Funding Round
$100 M (USD), Private Equity Round
Jun 06, 2023
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Investors
Sixth Street Specialty Lending
& 2 more
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Employee Count
Not available
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Investments & Acquisitions
Drivewyze
& 2 more
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Products & Services of Bestpass
Bestpass offers a comprehensive portfolio of products and services, including Toll Management Platform and Transponder Coverage.
Platform for consolidating toll payments and data for fleets.
Provides toll road devices and regional coverage for vehicles.
People of Bestpass
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Funding Insights of Bestpass
Bestpass has successfully raised a total of $119.12M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round of $100 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Bestpass
Bestpass has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Sixth Street Specialty Lending, Insight Partners and Susquehanna Growth Equity.
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Investment firm scaling software and technology companies from early to late stages.
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Private equity firm
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Investment management firm
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Investor details for Bestpass
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Bestpass
Bestpass has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Drivewyze, ExpressTruckTax and Fleetworthy Solutions.
Investment portfolio details for Bestpass
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of software solutions for weigh station alerts and bypass systems for truckers
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Online tax filing platform
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Solution provider for fleet management & compliance regulations
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Locked | Locked | 1983 | Locked |
Complete acquisition details for Bestpass
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Bestpass
Detailed financials for Bestpass
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- Profit trends
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Bestpass Comparisons
Peer comparison for Bestpass
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Competitors of Bestpass
Bestpass operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Relay Payments, tapNpay, Peach Pass, GoToll and NextPass, among others.
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Payment solutions for logistics industries are provided online.
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Payment facilitator solutions for toll agencies
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Manages electronic toll passes and mobile app for Georgia drivers.
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Mobile app for easy, touch-free toll road payments and tracking.
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Serves as a toll payment solution for consumers.
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Detailed competitors of Bestpass
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Bestpass
Complete news archive for Bestpass
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- Source and publication date
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- Brand-specific news history
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Frequently Asked Questions about Bestpass
Bestpass was founded in 2001 and raised its 1st funding round 18 years after it was founded.
Bestpass is headquartered in Albany, United States.
Tom Fogarty is the current CEO of Bestpass.
Bestpass is a funded company, having raised a total of $119.12M across 3 funding rounds to date.
Bestpass was founded in 2001 in Albany, United States, as a provider in the transportation technology sector. A web-based platform is offered to fleet owners and operators for handling toll operations. Violations and discrepancies are identified through the system, while usage alerts are configured to support compliance and efficiency in toll management across the region.
Bestpass's top competitors include Relay Payments, PayTollo and tapNpay.
Bestpass offers Toll Management Platform and Transponder Coverage.
Bestpass has made 3 acquisitions, including Drivewyze, ExpressTruckTax, and Fleetworthy Solutions.
Bestpass has 3 investors. Key investors include Sixth Street Specialty Lending, Insight Partners, and Susquehanna Growth Equity.