About Outgo
Outgo is a Transportation, Automotive & Logistics company based in Seattle (United States) founded in 2016 by Mike Bohlander, Marcus Womack, and Ray Fortna, and was acquired by DAT Solutions in May 2025. Accounting and invoice management software is provided for receivables. It operates in the Transportation, Automotive & Logistics, Technology, and Financial Services sectors. Outgo has raised $18.4 million across 3 funding rounds from investors including DAT Solutions, Neo and Gradient Ventures. The company has 9 employees. Its chief executive, as recorded, is Marcus Womack. Its website outgo.com draws about 11 thousand monthly visits. Outgo offers products and services including Smart Factoring, Outgo Card, and Broker Verification. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its legal entity is OUTGO INC. Its competitors include Paymentus, Billtrust and vCita; 3 of its 3 listed competitors have raised funding.
Company details
Outgo was founded in 2016 in Seattle, United States, within the fintech sector. Software solutions are offered for the accounts receivable lifecycle, encompassing invoicing processes, invoice factoring for financial support, and banking integrations for payment handling. Operations focus on streamlining invoice management and related financial workflows for businesses.
- Headquarters Seattle, United States
- Employees 9
- Founders Mike Bohlander, Marcus Womack, Ray Fortna
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsTechnology Financial Services
- Email••••••••
- Phone•••• ••••
- Website outgo.com
- Social LinkedIn X Facebook
- Acquired by DAT Solutions (May 2025)
- Legal Name Outgo Inc.
- Total Equity Funding$18.4M (USD)
in 3 rounds
- Latest Funding Round$50M (USD), Debt – Conventional
Jun 2023
- InvestorsDAT Solutions
& 11 more
- Employee Count9
- Acquired byDAT Solutions
(May 2025)
Products & Services of Outgo
Outgo offers a comprehensive portfolio of products and services, including Smart Factoring, Outgo Card, and Broker Verification.
Offers low-rate advances on freight invoices for quick funding
Provides instant access to funds and reduced factoring rates
Enables fast broker checks for informed business decisions
Funding Insights of Outgo
Outgo has successfully raised a total of $18.4M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50 million completed in June 2023. 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 $18.4M
- Total Rounds 3
- Last Round Debt – Conventional — $50M
- First Round $3.4M
(Mar 2022)
- Investors Count 11
All 3 funding rounds of Outgo 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 |
|---|---|---|---|---|---|
| Jun 2023 | $15M | Series B | – | Gradient Ventures, Construct Capital | |
| Jun 2023 | $50M | Debt – Conventional | – | – | |
| Mar 2022 | $3.4M | Series A | – | Neo, Pioneer Square Labs |
12 investors in total: 9 institutional and 3 angel.
Investors in Outgo
Outgo has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include DAT Solutions, Neo and Gradient Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital arm of Alphabet Inc. investing in AI | gradient.com | Mountain View, United States | ||
Construct Capital is focused on investing in foundational industries. | constructcap.com | |||
Technology startups are accelerated and incubated sector-agnostically by Neo. | 2017 | neo.com | San Francisco, United States | |
Startups are incubated and funded across diverse sectors. | psl.com | Seattle, United States | ||
Investment management and philanthropic ventures linked to Bezos Expeditions. | bezosexpeditions.com | |||
Investments in early-stage fintech and DeFi startups are managed. | thefintechfund.com | New York, United States | ||
Venture capital firm focused on multiple sectors | operator-stack.com | San Francisco, United States | ||
Seed and early-stage tech startups are invested in by Upper90. | upper90.io | New York, United States | ||
DL Dan Lewis | Angel investor and entrepreneur, co-founder of Convoy, focusing on tech startups. | unknown_4c2f244bb579488b9 | ||
JD Jason Droege | unknown_095b9eed4ffe40cba |
Investor details for Outgo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Outgo
4 people are tracked at Outgo (4 in leadership); the tracked headcount is 9.
| Name | Role | Group |
|---|---|---|
Mike Bohlander | Co-Founder & CTO | Leadership |
Marcus Womack | Co-Founder & CEO | Leadership |
Ray Fortna | Co-Founder & CPO | Leadership |
Tiffany Fairley | Head, Customer Support | Leadership |
Complete people profiles for Outgo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Outgo
4 dated milestones of Outgo across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Outgo is founded.
- Funding First funding round of $3.4M.
- Funding Latest funding round, Debt – Conventional, of $50.0M.
- Exit Acquired by DAT Solutions.
Competitors of Outgo
Outgo has 3 listed competitors in our database, 3 of them funded. They include Paymentus, Billtrust and vCita.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paymentus.com | 2004 | Atlanta, United States | $23.6M | 1,273 | Comprehensive billing and payment solution provider | |
| billtrust.com | 2001 | Hamilton Township, United States | $105M | Invoice and payment management solutions are offered for small businesses. | ||
| vcita.com | 2010 | Bellevue, United States | $15M | Business management software is provided for small businesses. |
Detailed competitors of Outgo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
- Competitive positioning
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Web traffic of Outgo
The website of Outgo (outgo.com) receives about 10.7K visits a month.
- Monthly visits10.7K
▲ 67.8% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Outgo (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Related news about Outgo
Complete news archive for Outgo
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Frequently Asked Questions about Outgo
Outgo was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Outgo is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Marcus Womack is the CEO of Outgo, as recorded in our data. They have also founded this company.
Outgo is a funded company, having raised a total of $18.4M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.4M, raised on Mar 2022.
Outgo has 9 employees.
Outgo was founded in 2016 in Seattle, United States, within the fintech sector. Software solutions are offered for the accounts receivable lifecycle, encompassing invoicing processes, invoice factoring for financial support, and banking integrations for payment handling. Operations focus on streamlining invoice management and related financial workflows for businesses.
Outgo offers Smart Factoring, Outgo Card, and Broker Verification.
Outgo has 12 investors. Key investors include DAT Solutions, Neo, Gradient Ventures, Construct Capital, and Pioneer Square Labs.
Outgo operates through Outgo Inc..
Yes. Outgo was acquired by DAT Solutions in May 2025.