About Coast
Coast is a company based in New York (United States) founded in 2020 by Daniel Simon. It operates as a Subscription Services, and Commission-Based. Coast has raised $77 million across 4 funding rounds from investors including Synchrony, Flexport and Bessemer Venture Partners. Coast offers products and services including Coast Visa Fuel Card, Expense Management Platform, and Corporate Cards. Coast operates in a competitive market with competitors including RoadFlex, NUKO, Dibee, P-Fleet and Compass Payment Services, among others.
- Headquarter New York, United States
- Founders Daniel Simon
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name K-Dimensional Holdings Inc. D/B/A Coast
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$77 M (USD)
in 4 rounds
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Latest Funding Round
$40 M (USD), Series B
Jul 18, 2024
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Investors
Synchrony
& 18 more
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Employee Count
Employee Count
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Products & Services of Coast
Coast offers a comprehensive portfolio of products and services, including Coast Visa Fuel Card, Expense Management Platform, and Corporate Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fuel card used for fleet expense management.
Platform used to track and control expenses.
Cards provided for general business expense needs.
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Funding Insights of Coast
Coast has successfully raised a total of $77M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in July 2024. 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $40.0M
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First Round
First Round
(01 Sep 2020)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series B - Coast | Valuation | Iconiq Capital | |
| Feb, 2022 | Amount | Series A - Coast | Valuation | Accel , Insight Partners | |
| Jul, 2021 | Amount | Seed - Coast | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Coast
Coast has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Synchrony, Flexport and Bessemer Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of investment management and real asset services
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coast
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Coast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coast Comparisons
Competitors of Coast
Coast 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 RoadFlex, NUKO, Dibee, P-Fleet and Compass Payment Services, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fuel cards are issued for contactless fleet expense payments.
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| domain | founded_year | HQ Location |
Offers fuel cards for individuals and businesses, including parking payments.
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| domain | founded_year | HQ Location |
Fuel payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Fuel card services for fleets, businesses, and contractors to save on fuel costs.
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| domain | founded_year | HQ Location |
Provides fleet fuel cards, fraud protection, and nationwide discounts for business transportation.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coast
Frequently Asked Questions about Coast
When was Coast founded?
Coast was founded in 2020.
Where is Coast located?
Coast is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Coast?
Daniel Simon is the current CEO of Coast. They have also founded this company.
Is Coast a funded company?
Coast is a funded company, having raised a total of $77M across 4 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Sep 01, 2020.
What does Coast do?
Coast is involved in offering fuel cards and expense management solutions tailored for fleets of all sizes. Services are provided to industries such as HVAC, transportation, and construction. The companys Visa-accepted cards are used for fuel and business expenses with enhanced security features. Advanced software is utilized for tracking spend and integrating with fleet management tools. Rebates and cashback are offered to reduce costs for customers across the United States.
What products or services does Coast offer?
Coast offers Coast Visa Fuel Card, Expense Management Platform, and Corporate Cards.
Who are Coast's investors?
Coast has 19 investors. Key investors include Synchrony, Flexport, Bessemer Venture Partners, Accel, and Foundation Capital.
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