About Fleetworthy Solutions
Fleetworthy Solutions is a company based in Madison (United States) founded in 1983 was acquired by Bestpass in November 2023.. Fleetworthy Solutions has raised $5.75 million across 1 funding round from investors including Bestpass and First Analysis. Fleetworthy Solutions has completed 4 acquisitions, including Empirecomsvs, Haul Compliance and TivaCloud. Fleetworthy Solutions offers products and services including Vehicle Safety & Compliance, Driver Safety & Compliance, Toll Management by Bestpass, Weigh Station Bypass by Drivewyze, and Form 2290 Tax Filing.
- Headquarter Madison, United States
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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
*********
- Legal Name Fleetworthy Solutions, 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
$5.75 M (USD)
in 1 rounds
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Latest Funding Round
$5.75 M (USD), Private Equity Round
Mar 17, 2014
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Investors
Bestpass
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Empirecomsvs
& 3 more
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Acquired by
Bestpass
(Nov 28, 2023)
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Products & Services of Fleetworthy Solutions
Fleetworthy Solutions offers a comprehensive portfolio of products and services, including Vehicle Safety & Compliance, Driver Safety & Compliance, Toll Management by Bestpass, Weigh Station Bypass by Drivewyze, and Form 2290 Tax Filing. 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.
Manages fleet vehicle standards for regulatory adherence.
Ensures drivers meet safety and compliance requirements.
Simplifies toll billing and reduces operational costs.
Enables bypassing weigh stations for faster routes.
Facilitates easy tax form submissions for vehicles.
Provides guidance on fleet operations and efficiency.
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Funding Insights of Fleetworthy Solutions
Fleetworthy Solutions has successfully raised a total of $5.75M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $5.75 million completed in March 2014. 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 1
- Last Round Private Equity Round — $5.8M
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First Round
First Round
(17 Mar 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2014 | Amount | Private Equity Round - Fleetworthy Solutions | 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 Fleetworthy Solutions
Fleetworthy Solutions has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bestpass and First Analysis. 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 and transaction advisory services for B2B tech companies.
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Founded Year | Domain | Location | |
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Web-based solutions for toll payments and management are provided.
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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 Fleetworthy Solutions
Fleetworthy Solutions has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Empirecomsvs, Haul Compliance and TivaCloud. 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
|
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.
|
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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AI-powered fleet risk and compliance management solutions are provided.
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2020 | ||||
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Cloud-based OSHA and DOT Compliance Software
|
2013 | ||||
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Livestock exporting and logistic services are provided internationally.
|
1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Fleetworthy Solutions
| 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 |
Fleetworthy Solutions Comparisons
Competitors of Fleetworthy Solutions
| 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 Fleetworthy Solutions
Frequently Asked Questions about Fleetworthy Solutions
When was Fleetworthy Solutions founded?
Fleetworthy Solutions was founded in 1983 and raised its 1st funding round 31 years after it was founded.
Where is Fleetworthy Solutions located?
Fleetworthy Solutions is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Who is the current CEO of Fleetworthy Solutions?
Rob Getz is the current CEO of Fleetworthy Solutions.
Is Fleetworthy Solutions a funded company?
Fleetworthy Solutions is a funded company, having raised a total of $5.75M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $5.75M, raised on Mar 17, 2014.
What does Fleetworthy Solutions do?
Fleetworthy Solutions was established in 1983 in Madison, United States, focusing on the transportation sector. Operations center on fleet management and regulatory compliance, with services encompassing consulting, audit support, file management, DOT and safety compliance, fuel and mileage tax filing, registration, permitting, and asset management. Proprietary technologies such as eFleet Hub, Comply 2.0, and eFleet Forms are utilized for transport data and compliance handling.
What products or services does Fleetworthy Solutions offer?
Fleetworthy Solutions offers Vehicle Safety & Compliance, Driver Safety & Compliance, Toll Management by Bestpass, Weigh Station Bypass by Drivewyze, and 2 more products and services.
How many acquisitions has Fleetworthy Solutions made?
Fleetworthy Solutions has made 4 acquisitions, including Empirecomsvs, Haul Compliance, and TivaCloud.
Who are Fleetworthy Solutions's investors?
Fleetworthy Solutions has 2 investors. Key investors include Bestpass, and First Analysis.