About Fleetmatics
Fleetmatics is a company based in Waltham (United States) founded in 2003 by Mark Mintz was acquired by Verizon in August 2016.. Fleetmatics has raised $108 million across 3 funding rounds from investors including Verizon, New Amsterdam Growth Capital and Pritzker Group. Fleetmatics has completed 6 acquisitions, including Connect2Field, Inosat and Ornicar. Fleetmatics offers products and services including GPS Fleet Tracking Software, ELD Solution, Mobile App, and ROI Calculator. Fleetmatics operates in a competitive market with competitors including Samsara, Wright Express, Radius, Lytx and Platform Science, among others.
- Headquarter Waltham, United States
- Founders Mark Mintz
- Stage Public
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$108 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Verizon
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Connect2Field
& 5 more
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Acquired by
Verizon
(Aug 01, 2016)
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Products & Services of Fleetmatics
Fleetmatics offers a comprehensive portfolio of products and services, including GPS Fleet Tracking Software, ELD Solution, Mobile App, and ROI Calculator. 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.
Software for real-time vehicle and asset monitoring to optimize operations
Device for accurate electronic logging of driver hours of service
App for on-the-go fleet visibility and driver behavior alerts
Tool to estimate potential savings from fleet tracking implementation
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Leadership Team
249 people
Software Development Team
188 people
Sales and Marketing
130 people
Senior Team
49 people
Data Analysis and Operations Team
48 people
Product Management Team
45 people
Operations Team
44 people
Finance and Accounting
28 people
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Funding Insights of Fleetmatics
Fleetmatics has successfully raised a total of $108M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(10 Aug 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2014 | Amount | Series C - Fleetmatics | Valuation | New Amsterdam Growth Capital |
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| Dec, 2010 | Amount | Series C - Fleetmatics | Valuation | Pritzker Group , IVP | |
| Aug, 2008 | Amount | Series B - Fleetmatics | Valuation | Investcorp |
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| 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 Fleetmatics
Fleetmatics has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Verizon, New Amsterdam Growth Capital and Pritzker Group. 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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Founded Year | Domain | Location | |
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Investments in SaaS, marketplace, and middle market companies are managed.
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Founded Year | Domain | Location | |
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Private equity, real estate, and credit investments are managed 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 Fleetmatics
Fleetmatics has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Connect2Field, Inosat and Ornicar. 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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Logistics solutions are provided for optimized cargo transport.
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2011 | ||||
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Field service scheduling and job management software is offered.
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2010 | ||||
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Vehicle tracking and fleet management solutions are provided for fleets.
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2005 |
| 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 - Fleetmatics
| 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 |
Fleetmatics Comparisons
Competitors of Fleetmatics
Fleetmatics 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 Samsara, Wright Express, Radius, Lytx and Platform Science, 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 |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Provider of video telematics and fleet management solutions
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| domain | founded_year | HQ Location |
Provider of integrated solutions for fleet management
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| domain | founded_year | HQ Location |
Cloud-based fleet management solutions are provided for transportation operations.
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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 Fleetmatics
Frequently Asked Questions about Fleetmatics
When was Fleetmatics founded?
Fleetmatics was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Where is Fleetmatics located?
Fleetmatics is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Is Fleetmatics a funded company?
Fleetmatics is a funded company, having raised a total of $108M across 3 funding rounds to date. The company's 1st funding round was a Series B of $40M, raised on Aug 10, 2008.
What does Fleetmatics do?
Fleetmatics was founded in 2003 and is based in Waltham, United States. Fleet and asset tracking, compliance management, dash cameras, fuel optimization, and vehicle maintenance are included among the solutions offered. These services support operations in sectors like logistics, oil and gas, construction, and waste management. Clients such as Pepsi and Costco are served by the company.
Who are the top competitors of Fleetmatics?
Fleetmatics's top competitors include Samsara, Wright Express and Radius.
What products or services does Fleetmatics offer?
Fleetmatics offers GPS Fleet Tracking Software, ELD Solution, Mobile App, and ROI Calculator.
How many acquisitions has Fleetmatics made?
Fleetmatics has made 6 acquisitions, including Connect2Field, Inosat, and Ornicar.
Who are Fleetmatics's investors?
Fleetmatics has 5 investors. Key investors include Verizon, New Amsterdam Growth Capital, Pritzker Group, Investcorp, and IVP.
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