About Fleetio
Fleetio is a company based in Birmingham (United States) founded in 2011 by Tony Summerville.. Fleetio has raised $624.07 million across 5 funding rounds from investors including Goldman Sachs, Elephant Elephant and Endeavor. Fleetio has completed 1 acquisition, including Auto Integrate. Fleetio offers products and services including Fleet Management Software, Fleet Maintenance, Fuel Management, and Parts Inventory. Fleetio operates in a competitive market with competitors including Uptake, Whip Around, Preteckt, Stratio and Halligan, among others.
- Headquarter Birmingham, United States
- Founders Tony Summerville
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Sectors
Transportation, Automotive & Logistics
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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 Rarestep, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$624.07 M (USD)
in 5 rounds
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Latest Funding Round
$454 M (USD), Series D
Mar 20, 2025
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Investors
Goldman Sachs
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Fleetio
Fleetio offers a comprehensive portfolio of products and services, including Fleet Management Software, Fleet Maintenance, Fuel Management, and Parts Inventory. 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.
Platform for tracking vehicle details and histories.
System for scheduling repairs and preventive maintenance.
Tool to monitor fuel data and control expenses.
Software for tracking parts stock and costs.
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Funding Insights of Fleetio
Fleetio has successfully raised a total of $624.07M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $454 million completed in March 2025. 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 5
- Last Round Series D — $454.0M
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First Round
First Round
(01 Sep 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series D - Fleetio | Valuation | Elephant Venture Capital , Goldman Sachs |
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| May, 2023 | Amount | Series C - Fleetio | Valuation | Elephant Venture Capital |
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| Nov, 2020 | Amount | Series B - Fleetio | Valuation | Elephant Venture Capital |
| 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 Fleetio
Fleetio has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, Elephant Elephant and Endeavor. 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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Venture capital firm dealing with enterprise software, consumer internet, and mobile markets.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Endeavor is focused on supporting high-impact entrepreneurs globally.
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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 Fleetio
Fleetio has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Auto Integrate. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Web-based fleet maintenance authorization software | Auto Integrate
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fleetio
| 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 |
Fleetio Comparisons
Competitors of Fleetio
Fleetio 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 Uptake, Whip Around, Preteckt, Stratio and Halligan, 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 |
Cloud-based predictive analytics platform is utilized for asset maintenance insights.
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| domain | founded_year | HQ Location |
Web-based fleet inspection and maintenance software is provided.
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| domain | founded_year | HQ Location |
Predictive maintenance and remote diagnostics for vehicles are offered.
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| domain | founded_year | HQ Location |
AI and SaaS-based predictive maintenance for heavy-duty vehicles is delivered.
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| domain | founded_year | HQ Location |
Provider of inventory management & vehicle maintenance solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Fleetio
Frequently Asked Questions about Fleetio
When was Fleetio founded?
Fleetio was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is Fleetio located?
Fleetio is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama, United States.
Who is the current CEO of Fleetio?
Jon Meachin is the current CEO of Fleetio.
Is Fleetio a funded company?
Fleetio is a funded company, having raised a total of $624.07M across 5 funding rounds to date. The company's 1st funding round was a Series B of $21.14M, raised on Sep 01, 2016.
What does Fleetio do?
Fleetio was founded in 2011 in Birmingham, United States, and operates in the fleet management sector. Cloud-based solutions are provided for fleet oversight, fuel tracking, equipment handling, maintenance scheduling, compliance monitoring, reporting, and real-time vehicle location. These services support operations for clients including Boyle, Splend, and Snap Towing, with a focus on efficiency in the transportation industry. Leadership includes founder Tony Summerville and CEO Jon Meachin.
Who are the top competitors of Fleetio?
Fleetio's top competitors include Preteckt, Whip Around and Uptake.
What products or services does Fleetio offer?
Fleetio offers Fleet Management Software, Fleet Maintenance, Fuel Management, and Parts Inventory.
How many acquisitions has Fleetio made?
Fleetio has made 1 acquisition, including Auto Integrate.
Who are Fleetio's investors?
Fleetio has 3 investors. Key investors include Goldman Sachs, Elephant Elephant, and Endeavor.
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