# Fleetio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fleetio

- Industry: Software
- Headquarters: Birmingham, US
- Website: www.fleetio.com
- Total disclosed funding: $616M
- Latest round: Series D (Mar 25, 2025)
- Investors on record: 3

## About

Based in Alabama, US, and founded in 2012, Rarestep, Inc. doing business as Fleetio makes fleet management software that helps businesses stay compliant and track assets. The company was founded by its Executive Chairman, Tony Summerville. In March 2025, Fleetio raised USD 450 million in series D funding co-led by returning investor Elephant and new investor Goldman Sachs Asset Management. As of 2023, the firm is led by its CEO, Jon Meachin. The company provides a platform for businesses of all sizes to manage vehicles, drivers, and auto parts efficiently via the web or top-rated mobile apps. The fleet management software offers an extensive feature set, drag-and-drop capability, and outstanding mobile apps. Fleetio's web-based software or Fleetio Go, an iOS and Android mobile app, are both available to users. The company generates revenue through its two subscription plans with monthly or annual payments. It includes ‘Pro’: USD 5 per vehicle, billed annually starting at USD 25 per month, which includes your first five assets, and ‘Advanced’: USD 7 per vehicle, billed annually starting at USD 35 per month, which includes your first five assets. The company will utilize the March 2025 funding to finance the acquisition of Auto Integrate Ltd.

## Funding rounds

- Series D, Mar 25, 2025, $450M — Goldman Sachs Asset Management, Elephant
- Series C, May 22, 2023, $145M — Elephant
- Series B, Oct 30, 2020, $21M — Endeavor Catalyst, Elephant

## Investors

- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B
- Elephant (https://capitalatlas.ai/funds/elephant) — Series B, Series C, Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D