# Fleetsmith

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.fleetsmith.com
- Total disclosed funding: $41M
- Latest round: Series B (Apr 8, 2019)
- Investors on record: 5

## About

Fleetsmith, Inc. offers a subscription service for managing Apple devices in small businesses, integrating device management, 24/7 support, and cloud storage.Founded in 2016 and headquartered in San Francisco, US, Fleetsmith, Inc. specializes in device management solutions for Apple products. The company was recently acquired by Apple Inc. in June 2020, with undisclosed financial terms. Jesse Endahl founded Fleetsmith, and the current CEO is Zack Blum. The firm has successfully completed 4 deals, with the latest funding round being a Series B, raising USD 30.00 mn, which also marks the total amount raised to date, with a current valuation of USD 100.33 mn.Fleetsmith's Business Essentials is a subscription service designed for small businesses, allowing seamless management of Apple devices like iPhones, iPads, Macs, and Apple TVs. The service includes features such as Collections for easy setup and dedicated Apple Accounts for employees, enhancing collaboration and data management across devices. This service is available in various markets, including the United States, tailored specifically for small enterprises.The revenue for Business Essentials is generated through a subscription-based pricing model. Plans start at USD 2.99 per month for single devices and range from USD 6.99 to USD 24.99 per user per month for multi-device plans, based on storage capacity and support services. The model ensures direct engagement with small businesses, facilitating tailored service offerings and a user-friendly experience.Following its acquisition by Apple Inc., Fleetsmith, Inc. is expected to leverage additional resources for enhancing its product offerings and expansion. The recent acquisition aligns with efforts to improve and scale the Business Essentials service. Details regarding new product launches or geographic market expansions have not been specified, but the company aims to strengthen its presence among small businesses, utilizing the support from the acquisition.

## Funding rounds

- Series B, Apr 8, 2019, $30M — Menlo Ventures, Upfront, Tiger Global Management, Harrison Metal
- Series A, Apr 10, 2018, $7.7M — Index Ventures, Upfront, Harrison Metal
- Seed, Nov 2, 2016, $3.1M — Index Ventures, Harrison Metal

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed, Series A
- Harrison Metal (https://capitalatlas.ai/funds/harrison-metal) — Seed, Series A, Series B
- Upfront (https://capitalatlas.ai/funds/upfront) — Series A, Series B
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B