About Fuel Me
Fuel Me is a company based in Burr Ridge (United States) founded in 2020 by Boy Schook and Carlo Passacantando.. Fuel Me has raised $18.5 million across 1 funding round from investors including Bessemer Venture Partners, FJ Labs and Pritzker Group. Fuel Me offers products and services including Fuel Ordering Platform, Diesel Fuel Delivery, and Tank Rentals. Fuel Me operates in a competitive market with competitors including EzFill, TrueFill, Gas it Up, Fuel Up Nola and Status Technologies, among others.
- Headquarter Burr Ridge, United States
- Founders Boy Schook, Carlo Passacantando
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Sectors
Energy & Utilities
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Email
***********
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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
$18.5 M (USD)
in 1 rounds
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Latest Funding Round
$18.5 M (USD), Series A
Feb 02, 2024
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Investors
Bessemer Venture Partners
& 8 more
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Employee Count
Employee Count
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Products & Services of Fuel Me
Fuel Me offers a comprehensive portfolio of products and services, including Fuel Ordering Platform, Diesel Fuel Delivery, and Tank Rentals. 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.
Online system for ordering and tracking fuel deliveries efficiently.
Service for on-site delivery of diesel fuel to businesses.
Provides cost-effective fuel storage solutions for various sites.
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Funding Insights of Fuel Me
Fuel Me has successfully raised a total of $18.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $18.5 million completed in February 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 1
- Last Round Series A — $18.5M
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First Round
First Round
(02 Feb 2024)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Fuel Me | Valuation | Pritzker Group , Tribeca Venture Partners |
| 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 Fuel Me
Fuel Me has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, FJ Labs 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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Investments in SaaS, marketplace, and middle market companies are managed.
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Founded Year | Domain | Location | |
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Early-stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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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 Fuel Me
| 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 - Fuel Me
| 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 |
Fuel Me Comparisons
Competitors of Fuel Me
Fuel Me 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 EzFill, TrueFill, Gas it Up, Fuel Up Nola and Status Technologies, 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 |
Doorstep fuel delivery solutions are offered through a mobile app.
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| domain | founded_year | HQ Location |
Solutions for automating fuel delivery processes are provided.
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| domain | founded_year | HQ Location |
Fuel delivery is facilitated via a mobile app for vehicles.
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| domain | founded_year | HQ Location |
App-based platform offering fuel delivery services to users.
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| domain | founded_year | HQ Location |
An online app for convenient fuel delivery services.
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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 Fuel Me
Frequently Asked Questions about Fuel Me
When was Fuel Me founded?
Fuel Me was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Fuel Me located?
Fuel Me is headquartered in Burr Ridge, United States. It is registered at Burr Ridge, Illinois, United States.
Who is the current CEO of Fuel Me?
Carlo Passacantando is the current CEO of Fuel Me. They have also founded this company.
Is Fuel Me a funded company?
Fuel Me is a funded company, having raised a total of $18.5M across 1 funding round to date. The company's 1st funding round was a Series A of $18.5M, raised on Feb 02, 2024.
What does Fuel Me do?
Fuel Me was founded in 2020 and is headquartered in Burr Ridge, United States. A cloud-based platform is operated to facilitate the delivery of fuel, lubricants, and associated products. Procurement processes are streamlined for businesses in sectors such as transportation and construction. Bulk ordering and delivery logistics are managed to support operational needs across various industries.
Who are the top competitors of Fuel Me?
Fuel Me's top competitors include EzFill, Gas it Up and Lisbon Fuel.
What products or services does Fuel Me offer?
Fuel Me offers Fuel Ordering Platform, Diesel Fuel Delivery, and Tank Rentals.
Who are Fuel Me's investors?
Fuel Me has 9 investors. Key investors include Bessemer Venture Partners, FJ Labs, Pritzker Group, Tribeca Venture Partners, and Interplay.
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