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Fleetio valuation, funding and investors

Fleetio works in fleet management software development, based in Birmingham, United States. Founded in 2012, it has about 441 employees.

Tech Companies Birmingham Series D
VALUATION · TODAY
$2.01B +0% after Series D
Range $1.23B – $2.31B · Grade B
TODAY
+12 MO
$1.00B
$2.00B
$3.00B
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Seed $0.75M
Series C $145M
Series D $450M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY441 employees
+1%6m growth
+8%1y growth
+47%2y growth
200
400
600
Data from Jan 2021
TODAY
Predicted in 1 yr $2.01B +0% vs today
Predicted next raise $221M if a round comes
Winding-down probability 0%
Last round
Series D · $450M · Mar 2025
Valuation at last round
$1.50B
Headcount
441 · up
Grade
B
Founded
2012
How VCMC values companies →

Fleetio valuation today

VCMC values Fleetio at $2.0B today, with a range of $1.2B to $2.3B and a grade of B. The valuation starts from its last funding round, a Series D round in Mar 2025.

Valuation by date (182 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Fleetio: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2012$4.60M$1.67M – $12.6M$4.70M (+2%)before first round–unknownD0%
1 Feb 2012$4.60M$1.67M – $12.6M$4.72M (+3%)before first round–unknownD0%
1 Mar 2012$4.60M$1.67M – $12.6M$4.74M (+3%)before first round–unknownD0%
1 Apr 2012$4.60M$1.67M – $12.6M$4.76M (+4%)before first round–unknownD0%
1 May 2012$4.60M$1.67M – $12.6M$4.78M (+4%)before first round–unknownD0%
1 Jun 2012$4.60M$1.67M – $12.6M$4.80M (+4%)before first round–unknownD0%
1 Jul 2012$4.60M$1.67M – $12.6M$4.82M (+5%)before first round–unknownD0%
1 Aug 2012$4.61M$1.68M – $12.7M$4.84M (+5%)before first round–unknownD0%
1 Sep 2012$4.63M$1.69M – $12.7M$4.85M (+5%)before first round–unknownD0%
1 Oct 2012$4.65M$1.69M – $12.8M$4.87M (+5%)before first round–unknownD0%
1 Nov 2012$4.67M$1.70M – $12.8M$4.89M (+5%)before first round–unknownD0%
1 Dec 2012$4.69M$1.71M – $12.9M$4.91M (+5%)before first round–unknownD0%
1 Jan 2013$4.70M$1.71M – $12.9M$4.93M (+5%)before first round–unknownD0%
1 Feb 2013$4.72M$1.72M – $13.0M$4.95M (+5%)before first round–unknownD0%
1 Mar 2013$4.74M$1.73M – $13.0M$4.97M (+5%)before first round–unknownD0%
1 Apr 2013$4.76M$1.73M – $13.1M$4.99M (+5%)before first round–unknownD0%
1 May 2013$4.78M$1.74M – $13.1M$5.01M (+5%)before first round–unknownD0%
1 Jun 2013$4.80M$1.75M – $13.2M$5.03M (+5%)before first round–unknownD0%
1 Jul 2013$4.82M$1.75M – $13.2M$5.05M (+5%)before first round–unknownD0%
1 Aug 2013$4.83M$1.76M – $13.3M$5.07M (+5%)before first round–unknownD0%
1 Sep 2013$4.85M$1.77M – $13.3M$5.09M (+5%)before first round–unknownD0%
1 Oct 2013$4.87M$1.77M – $13.4M$5.11M (+5%)before first round–unknownD0%
1 Nov 2013$4.89M$1.78M – $13.4M$5.13M (+5%)before first round–unknownD0%
1 Dec 2013$4.91M$1.79M – $13.5M$5.15M (+5%)before first round–unknownD0%
1 Jan 2014$4.93M$1.79M – $13.5M$5.17M (+5%)before first round–unknownD0%
1 Feb 2014$4.95M$1.80M – $13.6M$5.19M (+5%)before first round–unknownD0%
1 Mar 2014$4.97M$1.81M – $13.6M$5.21M (+5%)before first round–unknownD0%
1 Apr 2014$4.99M$1.82M – $13.7M$5.23M (+5%)before first round–unknownD0%
1 May 2014$5.01M$1.82M – $13.8M$5.25M (+5%)before first round–unknownD0%
1 Jun 2014$5.03M$1.83M – $13.8M$5.27M (+5%)before first round–unknownD0%
1 Jul 2014$5.05M$1.84M – $13.9M$5.29M (+5%)before first round–unknownD0%
1 Aug 2014$5.07M$1.84M – $13.9M$5.31M (+5%)before first round–unknownD0%
1 Sep 2014$5.09M$1.85M – $14.0M$5.33M (+5%)before first round–unknownD0%
1 Oct 2014$5.11M$1.86M – $14.0M$5.35M (+5%)before first round–unknownD0%
1 Nov 2014$5.13M$1.87M – $14.1M$5.37M (+5%)before first round–unknownD0%
1 Dec 2014$5.15M$1.87M – $14.1M$5.39M (+5%)before first round–unknownD0%
1 Jan 2015$5.17M$1.88M – $14.2M$5.41M (+5%)before first round–unknownD0%
1 Feb 2015$5.19M$1.89M – $14.2M$5.44M (+5%)before first round–unknownD0%
1 Mar 2015$5.21M$1.90M – $14.3M$5.46M (+5%)before first round–unknownD0%
1 Apr 2015$5.23M$1.90M – $14.4M$5.48M (+5%)before first round–unknownD0%
1 May 2015$5.25M$1.91M – $14.4M$5.50M (+5%)before first round–unknownD0%
1 Jun 2015$5.27M$1.92M – $14.5M$5.52M (+5%)before first round–unknownD0%
1 Jul 2015$5.29M$1.93M – $14.5M$5.54M (+5%)before first round–unknownD0%
1 Aug 2015$5.31M$1.93M – $14.6M$5.69M (+7%)before first round–unknownD0%
1 Sep 2015$5.33M$1.94M – $14.6M$5.84M (+10%)before first round–unknownD0%
1 Oct 2015$5.35M$1.95M – $14.7M$5.99M (+12%)before first round–unknownD0%
1 Nov 2015$5.37M$1.96M – $14.8M$6.16M (+15%)before first round–unknownD0%
1 Dec 2015$5.39M$1.96M – $14.8M$6.32M (+17%)before first round–unknownD0%
1 Jan 2016$5.41M$1.97M – $14.9M$6.49M (+20%)before first round–unknownD0%
1 Feb 2016$5.44M$1.98M – $14.9M$6.67M (+23%)before first round–unknownD0%
1 Mar 2016$5.46M$1.99M – $15.0M$6.84M (+25%)before first round–unknownD0%
1 Apr 2016$5.48M$1.99M – $15.0M$7.02M (+28%)before first round–unknownD0%
1 May 2016$5.50M$2.00M – $15.1M$7.21M (+31%)before first round–unknownD0%
1 Jun 2016$5.52M$2.01M – $15.2M$7.40M (+34%)before first round–unknownD0%
1 Jul 2016$5.54M$2.02M – $15.2M$7.60M (+37%)before first round–unknownD0%
1 Aug 2016$5.69M$2.07M – $15.6M$7.80M (+37%)before first round–unknownD0%
1 Sep 2016$3.00M$1.97M – $9.13M$6.00M (+100%)after a round–unknownC0%
2 Sep 2016$3.01M$1.97M – $9.13M$6.00M (+100%)after a round–unknownC0%
1 Oct 2016$3.18M$1.97M – $9.13M$6.00M (+89%)after a round–unknownC0%
1 Nov 2016$3.37M$1.97M – $9.13M$6.00M (+78%)after a round–unknownC0%
1 Dec 2016$3.57M$1.97M – $9.13M$6.00M (+68%)after a round–unknownC0%
1 Jan 2017$3.78M$1.97M – $9.13M$6.00M (+59%)after a round–unknownC0%
1 Feb 2017$4.01M$1.97M – $9.13M$6.00M (+50%)after a round–unknownC0%
1 Mar 2017$4.23M$1.97M – $9.13M$6.00M (+42%)after a round–unknownC0%
1 Apr 2017$4.49M$1.97M – $9.13M$6.00M (+34%)after a round–unknownC0%
1 May 2017$4.75M$1.97M – $9.13M$6.00M (+26%)after a round–unknownC0%
1 Jun 2017$5.04M$1.97M – $9.13M$6.00M (+19%)after a round–unknownC0%
1 Jul 2017$5.33M$1.97M – $9.13M$6.00M (+13%)after a round–unknownC0%
1 Aug 2017$5.65M$1.97M – $9.13M$6.00M (+6%)after a round–unknownC0%
1 Sep 2017$6.00M$1.97M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Oct 2017$6.00M$1.88M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Nov 2017$6.00M$1.78M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Dec 2017$6.00M$1.70M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Jan 2018$6.00M$1.61M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Feb 2018$6.00M$1.53M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Mar 2018$6.00M$1.46M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Apr 2018$6.00M$1.39M – $9.13M$6.00M (0%)after a round–unknownC0%
1 May 2018$6.00M$1.33M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Jun 2018$6.00M$1.26M – $9.13M$6.00M (0%)after a round–unknownC0%
1 Jul 2018$6.00M$1.20M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Aug 2018$6.00M$1.14M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Sep 2018$6.00M$1.08M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Oct 2018$6.00M$1.03M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Nov 2018$6.00M$0.98M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Dec 2018$6.00M$0.93M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Jan 2019$6.00M$0.89M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Feb 2019$6.00M$0.84M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Mar 2019$6.00M$0.80M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Apr 2019$6.00M$0.76M – $9.13M$6.00M (0%)after a round–unknownD0%
1 May 2019$6.00M$0.73M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Jun 2019$6.00M$0.69M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Jul 2019$6.00M$0.66M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Aug 2019$6.00M$0.63M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Sep 2019$6.00M$0.59M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Oct 2019$6.00M$0.57M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Nov 2019$6.00M$0.54M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Dec 2019$6.00M$0.51M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Jan 2020$6.00M$0.49M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Feb 2020$6.00M$0.46M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Mar 2020$6.00M$0.44M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Apr 2020$6.00M$0.42M – $9.13M$6.00M (0%)after a round–unknownD0%
1 May 2020$6.00M$0.40M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Jun 2020$6.00M$0.38M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Jul 2020$6.00M$0.36M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Aug 2020$6.00M$0.34M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Sep 2020$6.00M$0.33M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Oct 2020$6.00M$0.31M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Nov 2020$6.00M$0.29M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Dec 2020$6.00M$0.28M – $9.13M$6.00M (0%)after a round–unknownD0%
1 Jan 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75unknownD0%
1 Feb 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75unknownD0%
1 Mar 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75unknownD0%
1 Apr 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 May 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 Jun 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 Jul 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 Aug 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 Sep 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 Oct 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 Nov 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 Dec 2021$16.5M$2.74M – $99.4M$16.5M (0%)valued on company size75flatD0%
1 Jan 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Feb 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Mar 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Apr 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 May 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Jun 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Jul 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Aug 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Sep 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Oct 2022$41.5M$8.10M – $181M$41.5M (0%)valued on company size160growingD0%
1 Nov 2022$30.0M$4.98M – $181M$30.0M (0%)valued on company size160unknownD0%
1 Dec 2022$30.0M$4.98M – $181M$30.0M (0%)valued on company size160unknownD0%
1 Jan 2023$30.0M$4.98M – $181M$30.0M (0%)valued on company size160unknownD0%
1 Feb 2023$30.0M$4.98M – $181M$30.0M (0%)valued on company size160unknownD0%
1 Mar 2023$30.0M$4.98M – $181M$30.0M (0%)valued on company size160unknownD0%
1 Apr 2023$30.0M$4.98M – $181M$30.0M (0%)valued on company size160unknownD0%
1 May 2023$41.5M$8.10M – $181M$41.5M (0%)valued on company size220growingD0%
1 Jun 2023$41.5M$8.10M – $181M$41.5M (0%)valued on company size220growingD0%
1 Jul 2023$41.5M$8.10M – $181M$41.5M (0%)valued on company size220growingD0%
1 Aug 2023$30.0M$4.98M – $181M$30.0M (0%)valued on company size220unknownD0%
1 Sep 2023$30.0M$4.98M – $181M$30.0M (0%)valued on company size220unknownD0%
1 Oct 2023$36.7M$5.51M – $181M$36.7M (0%)valued on company size250upD0%
1 Nov 2023$36.7M$5.51M – $181M$36.7M (0%)valued on company size250upD0%
1 Dec 2023$36.7M$5.51M – $181M$36.7M (0%)valued on company size250upD0%
19 Dec 2023$1.3B$864M – $2.6B$1.7B (+30%)after a round250upB0%
1 Jan 2024$1.3B$864M – $2.6B$1.7B (+29%)after a round250upB0%
1 Feb 2024$1.4B$864M – $2.6B$1.7B (+26%)after a round250upB0%
1 Mar 2024$1.4B$864M – $2.6B$1.7B (+23%)after a round270upB0%
1 Apr 2024$1.4B$864M – $2.6B$1.7B (+21%)after a round270upB0%
1 May 2024$1.4B$864M – $2.6B$1.7B (+18%)after a round270upB0%
1 Jun 2024$1.5B$864M – $2.6B$1.7B (+15%)after a round270upB0%
1 Jul 2024$1.5B$885M – $2.7B$1.8B (+14%)after a round300growingB0%
1 Aug 2024$1.6B$885M – $2.7B$1.8B (+11%)after a round300growingB0%
1 Sep 2024$1.6B$885M – $2.7B$1.8B (+9%)after a round300growingB0%
1 Oct 2024$1.6B$885M – $2.7B$1.8B (+6%)after a round300growingB0%
1 Nov 2024$1.7B$885M – $2.7B$1.8B (+4%)after a round300growingB0%
1 Dec 2024$1.7B$885M – $2.7B$1.8B (+1%)after a round300upB0%
1 Jan 2025$1.8B$880M – $2.7B$1.8B (0%)after a round300upB0%
1 Feb 2025$1.8B$870M – $2.7B$1.8B (0%)after a round300upB0%
1 Mar 2025$1.8B$861M – $2.7B$1.8B (0%)after a round300upB0%
26 Mar 2025$1.5B$1.3B – $2.2B$2.0B (+30%)after a round300upA0%
1 Apr 2025$1.5B$1.3B – $2.2B$2.0B (+29%)after a round300upA0%
1 May 2025$1.5B$1.3B – $2.2B$2.0B (+27%)after a round300upA0%
1 Jun 2025$1.6B$1.3B – $2.2B$2.0B (+24%)after a round300upA0%
1 Jul 2025$1.6B$1.3B – $2.2B$2.0B (+21%)after a round383growingA0%
1 Aug 2025$1.7B$1.3B – $2.3B$2.0B (+20%)after a round410growingA0%
1 Sep 2025$1.7B$1.3B – $2.3B$2.0B (+17%)after a round410growingA0%
1 Oct 2025$1.7B$1.3B – $2.3B$2.0B (+14%)after a round410growingA0%
1 Nov 2025$1.8B$1.3B – $2.3B$2.0B (+12%)after a round437growingA0%
1 Dec 2025$1.8B$1.3B – $2.3B$2.0B (+10%)after a round437growingA0%
1 Jan 2026$1.9B$1.3B – $2.3B$2.0B (+7%)after a round437growingA0%
1 Feb 2026$1.9B$1.3B – $2.3B$2.0B (+4%)after a round437growingA0%
1 Mar 2026$2.0B$1.3B – $2.3B$2.0B (+2%)after a round437growingA0%
1 Apr 2026$2.0B$1.3B – $2.3B$2.0B (0%)after a round437growingA0%
1 May 2026$2.0B$1.3B – $2.3B$2.0B (0%)after a round459growingA0%
1 Jun 2026$2.0B$1.3B – $2.3B$2.0B (0%)after a round459upA0%
1 Jul 2026$2.0B$1.3B – $2.3B$2.0B (0%)after a round459upB0%
1 Aug 2026$2.0B$1.3B – $2.3B$2.0B (0%)after a round449upB0%
1 Sep 2026$2.0B$1.2B – $2.3B$2.0B (0%)after a round449upB0%
1 Oct 2026$2.0B$1.2B – $2.3B$2.0B (0%)after a round441upB0%
24 Oct 2026$2.0B$1.2B – $2.3B$2.0B (0%)after a round441upB0%

Key facts about Fleetio

Founded
2012
Headquarters
Birmingham, United States
Employees
about 441 +8% in a year
Total raised
$595M
Funding rounds
3
Last round
Series D Mar 2025

Fleetio was founded in 2012 by Tony Summerville.

Fleetio funding history

Fleetio has 3 funding rounds on record, from Sep 2016 to Mar 2025, $595M in total. The latest disclosed valuation is $1.50B post-money (Series D, Mar 2025).

  1. Series D 25 Mar 2025

    Led by Elephant, Goldman Sachs Alternatives.

    Sources: fleetio.com, globenewswire.com, hypepotamus.com and 1 more

    $450M

    $1.50B post-money

  2. Series C 18 Dec 2023

    Investors not disclosed.

    Sources: globenewswire.com, wastetodaymagazine.com

    $145M

  3. Seed 1 Sep 2016

    Investors not disclosed.

    Sources: madeinalabama.com, teardown.ai

    $750K

Fleetio investors

2 investors have backed Fleetio; Elephant and Goldman Sachs Alternatives led at least one round.

  • Goldman Sachs Alternatives lead

What Fleetio does

Fleetio works in tech companies, with 15 recorded offerings and customers in construction, transportation, logistics and government.

Rarestep, Inc., known as Fleetio, is an American software company that develops and provides fleet management software for organizations in sectors such as construction, transportation, logistics, government, and service providers. The company offers a platform that includes fleet management, maintenance, fuel management, tool management, multi-location management, and integrations. Its solutions also include vehicle inventory management, maintenance scheduling, and work order management, supporting fleet operations and compliance.

Description from Veridion's company data.

Products and services

  • Fleet Management Software Development
  • Fleet Operations Automation Solutions
  • Vehicle Inventory Management Solutions
  • Maintenance Scheduling and Work Order Management
  • Fuel Management Solutions
  • Tool Management Solutions
  • Multi-Location Fleet Management Solutions
  • Fleet Data Analytics and Insights Generation
  • Fleet Management Platform Integration
  • Mobile Fleet Management Application Development
  • Developer API Integration Services
  • Industry-Specific Fleet Management Solutions
  • Fleet Compliance Management Solutions
  • Fleet Uptime Optimization Solutions
  • Fleet Management Software Enhancement Services

Markets

  • Construction
  • Transportation
  • Logistics
  • Government
  • Service Providers

Business model

  • Business-to-Business
  • Software-as-a-Service
  • Enterprise

Industry codes (NAICS)

  • 513210 Software Publishers 100% match

Questions about Fleetio

What is Fleetio worth?

Valuation $2.0B (range $1.2B to $2.3B), as of 24 Oct 2026. The last disclosed valuation was $1.50B (Series D, Mar 2025).

Has Fleetio raised money?

Fleetio has 3 funding rounds on record, from Sep 2016 to Mar 2025, $595M in total. The latest disclosed valuation is $1.50B post-money (Series D, Mar 2025).

Who has invested in Fleetio?

Elephant and Goldman Sachs Alternatives. Lead investors include Elephant and Goldman Sachs Alternatives.

How many people work at Fleetio?

About 441, up 8% over the last year. Headcount grew from 75 in Jan 2021 to 441 in Sep 2026.

What does Fleetio do?

Fleetio works in tech companies, with 15 recorded offerings and customers in construction, transportation, logistics and government. Its main offerings are fleet management software development, fleet operations automation solutions and vehicle inventory management solutions.

When was Fleetio founded, and where is it based?

Fleetio was founded in 2012 and is based in Birmingham, United States. It has about 441 employees, up 8% over the last year.