# Booster Fuels

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/booster-fuels

- Industry: Oil & Gas
- Headquarters: San Mateo, US
- Website: www.boosterusa.com
- Total disclosed funding: $204M
- Latest round: Series D (May 25, 2022)
- Investors on record: 19

## About

Booster Fuels, Inc. is a U.S.-based company specializing in mobile fuel delivery services, providing on-site gasoline, diesel, and renewable diesel directly to businesses for enhanced operational efficiency.Founded in 2014, Booster Fuels, Inc. operates from San Mateo, California, offering on-demand fuel delivery services. The company was co-founded by Diego Netto, Frank Mycroft, Haruto Asahina, and Tyler Raugh. The firm has successfully raised USD 125.000 mn in its latest Series D funding round, engaging notable investors including Cercano Management and Chaac Ventures. To date, Booster has completed 8 investment deals and holds a current valuation of USD 799.157 mn.Booster Mobile Fuel Delivery specializes in providing on-site fuel delivery services for gasoline, diesel, diesel exhaust fluid (DEF), and renewable diesel. This core service allows businesses to receive fuel directly at their locations, enhancing productivity by eliminating detours to gas stations. The company employs technology to enable real-time data and telematics integration, helping clients monitor fuel usage and manage costs efficiently. Operating primarily in the United States, Booster serves various sectors, including logistics, transportation, and construction, which heavily rely on vehicle operations.Booster generates revenue through direct transactions with businesses, offering its fuel delivery services on a transactional basis. Clients place orders for fuel delivery executed via the company’s Smart Tankers. This B2B model enables organizations to benefit from competitive pricing and reduced fuel costs. Revenue primarily derives from the volume of fuel delivered, structured around customized agreements for various fleet sizes, ensuring flexibility based on operational needs without publicly disclosed figures.Booster Fuels, Inc. is focused on expanding its service offerings and geographic reach. The company is designing upcoming products, including enhancements to its existing delivery platform, to improve efficiency and user experience. Plans are underway to penetrate additional markets within the U.S. and potentially explore international opportunities by 2025. Recent funding will be utilized to support these growth initiatives, including the development of new technological capabilities and market expansion efforts. Additionally, Booster Fuels, Inc. raised an undisclosed amount of venture funding from new investor Escondido Ventures to bolster these strategies.

## Funding rounds

- Series D, May 25, 2022, $125M — Maveron, Madrona Venture Group, Invus [DUP], Thayer Ventures, Version One Ventures, Renewable Energy Group, Inc., Conversion Capital, Chaac Ventures, Perot Jain, Gaingels, Enterprise Mobility, Mitsubishi, Cercano Management, Equinor Ventures
- Series C, Mar 29, 2019, $50M — Madrona Venture Group, Invus [DUP], Conversion Capital, Perot Jain, Vulcan Capital
- Series B, Jul 25, 2017, $20M — RRE Ventures, US Venture Partners, Maveron, Madrona Venture Group, Version One Ventures, Conversion Capital, Stanford-StartX Fund, Perot Jain, BADR Investments
- Series A, Jan 28, 2016, $9.5M — RRE Ventures, Maveron, Madrona Venture Group, Version One Ventures

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A, Series B
- Maveron (https://capitalatlas.ai/funds/maveron) — Series A, Series B, Series D
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series A, Series B, Series C, Series D
- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Series A, Series B, Series D
- US Venture Partners (https://capitalatlas.ai/funds/us-venture-partners) — Series B
- Conversion Capital (https://capitalatlas.ai/funds/conversion-capital) — Series B, Series C, Series D
- Stanford-StartX Fund — Series B
- Perot Jain (https://capitalatlas.ai/funds/perot-jain) — Series B, Series C, Series D
- BADR Investments (https://capitalatlas.ai/funds/badr-investments) — Series B
- Invus [DUP] — Series C, Series D
- Vulcan Capital (https://capitalatlas.ai/funds/vulcan-capital) — Series C
- Thayer Ventures (https://capitalatlas.ai/funds/thayer-ventures) — Series D
- Renewable Energy Group, Inc. — Series D
- Chaac Ventures (https://capitalatlas.ai/funds/chaac-ventures) — Series D
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series D
- Enterprise Mobility — Series D
- Mitsubishi — Series D
- Cercano Management (https://capitalatlas.ai/funds/cercano-management) — Series D
- Equinor Ventures — Series D