About FuelQuest
FuelQuest is a company based in Houston (United States) founded in 1999 was acquired by Veeder-Root in August 2014.. FuelQuest has raised $14.4 million across 2 funding rounds from investors including Accenture, Talis Capital and EnerTech Capital. The company has 2 employees as of December 31, 2014. FuelQuest offers products and services including FlexPay 6, Passport Retail Platform, and Invenco Cloud Services. FuelQuest operates in a competitive market with competitors including PDI Technologies, Titan Cloud Software, FuelCloud, EdgePetrol and IRely, among others.
- Headquarter Houston, United States
- Employees 2 as on 31 Dec, 2014
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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
*********
- Legal Name Invenco Group Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.4 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Private Equity Round
Mar 30, 2012
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Investors
Accenture
& 4 more
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Employee Count
2
as on Dec 31, 2014
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Acquired by
Veeder-Root
(Aug 26, 2014)
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Products & Services of FuelQuest
FuelQuest offers a comprehensive portfolio of products and services, including FlexPay 6, Passport Retail Platform, and Invenco Cloud Services. 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.
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 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 Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $10.0M
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First Round
First Round
(02 Dec 2002)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2012 | Amount | Private Equity Round - FuelQuest | Valuation |
investors |
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| Dec, 2002 | Amount | Private Equity Round - FuelQuest | Valuation | EnerTech Capital , Accenture |
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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 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. 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 fund investing in tech startups
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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IT and management consultancy services are provided 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 FuelQuest
| 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 - FuelQuest
| 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 |
Fuelquest Comparisons
Competitors of FuelQuest
FuelQuest 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 PDI Technologies, Titan Cloud Software, FuelCloud, EdgePetrol and IRely, 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 |
Analytics software solutions are provided to brands and retailers.
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| domain | founded_year | HQ Location |
Provider of cloud and IoT-based software solutions for the downstream oil & gas industry
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| domain | founded_year | HQ Location |
Cloud-based system for automated fuel tracking, reporting, and real-time insights.
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| domain | founded_year | HQ Location |
Fuel station data management software is developed and integrated.
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| domain | founded_year | HQ Location |
Software solutions for commodity management, petroleum distribution, and agriculture retail.
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| domain | founded_year | HQ Location |
Implico is recognized for digitalizing supply chain processes in energy.
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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 Fuelquest
Frequently Asked Questions about FuelQuest
When was FuelQuest founded?
FuelQuest was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Where is FuelQuest located?
FuelQuest is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Is FuelQuest a funded company?
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 02, 2002.
How many employees does FuelQuest have?
As of Dec 31, 2014, the latest employee count at FuelQuest is 2.
What does FuelQuest do?
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.
Who are the top competitors of FuelQuest?
FuelQuest's top competitors include PDI Technologies, The Right Fuelcard Company and EdgePetrol.
What products or services does FuelQuest offer?
FuelQuest offers FlexPay 6, Passport Retail Platform, and Invenco Cloud Services.
Who are FuelQuest's investors?
FuelQuest has 5 investors. Key investors include Accenture, Talis Capital, EnerTech Capital, Lehman Brothers, and Veeder-Root.
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