About FuelQuest
FuelQuest is an Energy & Utilities company based in Houston (United States) founded in 1999, and was acquired by Veeder-Root in August 2014. Fuel supply chain management platform. FuelQuest has raised $14.4 million across 2 funding rounds from investors including Accenture, Talis Capital and EnerTech Capital. The company has 2 employees. The company was acqui-hired. FuelQuest offers products and services including FlexPay 6, Passport Retail Platform, and Invenco Cloud Services. Its focus areas include Energy Tech, Oil & Gas Tech, Downstream and Fuel Station Management. Its legal entity is Invenco Group Ltd. Its competitors include PDI Technologies, Titan Cloud Software and FuelCloud.
Company details
Insight 360 FuelQuest offers software and services to suppliers, distributors, retailers, carriers and fleets who utilize transportation fuels. Their SaaS software offers solutions to manage and optimize fuel procurement, logistics, reconciliation, regulatory processes, demand forecasting, fulfillment, inventory management, sales and purchase order management, financial management, and environmental compliance. Products are ForeSite SV - a supervisor view solution that allows supervisors to monitor and ensure replenishment plans and ForeSite IC - an inventory control solution that helps fuel managers track inventory and resolve issues. It also offers fule management services. Winner of the 2014 Petroleum Marketers Association of Americas (PMAA) Best in the US award for Fuel Management Program.
- Headquarters Houston, United States
- Employees 2
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website fuelquest.com
- Social LinkedIn X Facebook
- Acquired by Veeder-Root (Aug 2014)
- Legal Name Invenco Group Ltd
- Total Equity Funding$14.4M (USD)
in 2 rounds
- Latest Funding Round$10M (USD), Private Equity Round
Mar 2012
- InvestorsAccenture
& 4 more
- Employee Count2
- Acquired byVeeder-Root
(Aug 2014)
Products & Services of FuelQuest
FuelQuest offers a comprehensive portfolio of products and services, including FlexPay 6, Passport Retail Platform, and Invenco Cloud Services.
Modular payment terminal for outdoor use in retail environments.
POS platform designed for convenience stores to manage operations.
Services for device management and customer engagement in retail.
Funding Insights of FuelQuest
FuelQuest has successfully raised a total of $14.4M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $10 million completed in March 2012. 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 $14.4M
- Total Rounds 2
- Last Round Private Equity Round — $10M
- First Round $4.4M
(Dec 2002)
- Investors Count 4
All 2 funding rounds of FuelQuest with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2012 | $10M | Private Equity Round | – | – | |
| Dec 2002 | $4.4M | Private Equity Round | – | EnerTech Capital, Accenture | – |
5 investors in total: 5 institutional.
Investors in FuelQuest
FuelQuest has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Accenture, Talis Capital and EnerTech Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in tech startups | taliscapital.com | London, United Kingdom | ||
| enertechcapital.com | ||||
IT and management consultancy services are provided globally. | 1989 | accenture.com | Dublin, Ireland | |
Global financial advisory services are provided by the firm. | lehman.com | New York, United States | ||
Provides fuel monitoring solutions including tank gauges and pumps for businesses. | 1928 | veeder.com | Simsbury, United States |
Investor details for FuelQuest
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Timeline of FuelQuest
4 dated milestones of FuelQuest across 15 years, from founding to its latest funding, stage changes and deals.
- Founded FuelQuest is founded.
- Funding First funding round of $4.4M.
- Funding Latest funding round, Private Equity Round, of $10.0M.
- Exit Acquired by Veeder-Root.
Competitors of FuelQuest
FuelQuest has 3 listed competitors in our database. They include PDI Technologies, Titan Cloud Software and FuelCloud.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pditechnologies.com | 1983 | Alpharetta, United States | Analytics software solutions are provided to brands and retailers. | |||
| titancloud.com | 1999 | Brentwood, United States | 6 | Provider of cloud and IoT-based software solutions for the downstream oil & gas industry | ||
| fuelcloud.com | 2015 | Hillsboro, United States | 14 | Cloud-based system for automated fuel tracking, reporting, and real-time insights. |
Detailed competitors of FuelQuest
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of FuelQuest
Websites that share an audience with FuelQuest (fuelquest.com).
Websites whose visitors overlap most with FuelQuest. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
tchek.com | tchek.com | 100% | #4,271,240 | – | |
fleet-tech.com | fleet-tech.com | 100% | – | ||
| fleetone.com | 98% | 143.6K | #154,743 | View details |
Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as FuelQuest (Oil & Gas Technology Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | 1,820 | ||
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M |
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Related news about Fuelquest
Complete news archive for FuelQuest
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Frequently Asked Questions about FuelQuest
FuelQuest was founded in 1999 and raised its 1st funding round 3 years after it was founded.
FuelQuest is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
FuelQuest is a funded company, having raised a total of $14.4M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $4.4M, raised on Dec 2002.
FuelQuest has 2 employees.
Insight 360 FuelQuest offers software and services to suppliers, distributors, retailers, carriers and fleets who utilize transportation fuels. Their SaaS software offers solutions to manage and optimize fuel procurement, logistics, reconciliation, regulatory processes, demand forecasting, fulfillment, inventory management, sales and purchase order management, financial management, and environmental compliance. Products are ForeSite SV - a supervisor view solution that allows supervisors to monitor and ensure replenishment plans and ForeSite IC - an inventory control solution that helps fuel managers track inventory and resolve issues. It also offers fule management services. Winner of the 2014 Petroleum Marketers Association of Americas (PMAA) Best in the US award for Fuel Management Program.
FuelQuest's top competitors include PDI Technologies, Titan Cloud Software and FuelCloud.
FuelQuest offers FlexPay 6, Passport Retail Platform, and Invenco Cloud Services.
FuelQuest has 5 investors. Key investors include Accenture, Talis Capital, EnerTech Capital, Lehman Brothers, and Veeder-Root.
FuelQuest operates through Invenco Group Ltd.
Yes. FuelQuest was acquired by Veeder-Root in August 2014.