Fleetio Raises $450M in Series D

Fleetio has successfully raised $450M in a Series D at a $2B valuation led by Insight Partners, Summit Partners.

Company Overview

Fleetio is a SaaS company headquartered in Birmingham, AL, founded in 2012 with 350+ employees.

Fleet maintenance management software helping businesses manage fleet operations

Fundraising Details

• Amount Raised: $450M
• Round Type: Series D
• Valuation: $2B
• Date: 2025-03-18
• Investors: Insight Partners, Summit Partners

About Fleetio

Fleet maintenance management software helping businesses manage fleet operations The company is positioned in the SaaS sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Birmingham, AL
• Founded: 2012
• Team Size: 350+
• Industry: SaaS

What This Means

This funding round demonstrates strong investor confidence in Fleetio's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The SaaS sector continues to attract significant investment as companies innovate to meet evolving market demands. Fleetio's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2B valuation marks an important milestone for Fleetio, positioning the company among notable players in the SaaS industry.

Looking Ahead

With this new capital, Fleetio is well-positioned to execute on its growth strategy and continue building innovative solutions in the SaaS space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-03-18. For more information about Fleetio, visit their headquarters at Birmingham, AL.