Funding round
Fleetio Series D
Fleetio, which works in fleet management software development in Birmingham, raised $450M in a Series D round announced on 25 Mar 2025, led by Elephant and Goldman Sachs Alternatives, at a $1.50B post-money valuation. 2 firms took part, 1 of them already investors. It is Fleetio's third venture round on record; the one before was a Series C in Dec 2023.
$450M
Amount raised
$1.50B
Post-money valuation
$1.05B pre-money
2
Investors
2 leads
30%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fleetio at $1.50B after the new money. The $450M bought investors about 30% of the company. It came 15 months after Fleetio's Series C. It is 76% of the $595M Fleetio has raised in the venture rounds on record. No later venture round is on record for Fleetio.
Investors
Who put money in
Elephant and Goldman Sachs Alternatives led the round. Elephant had backed Fleetio before.
Lead investors
- backs 32 venture-backed companies existing investor
- Goldman Sachs Alternatives new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
107 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 4.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Mar 2025 | $70M | not disclosed | not named |
| Tech Companies | 12 Mar 2025 | $60M | $1.00B | Evolution Equity Partners |
| Tech Companies | 6 Mar 2025 | $3.8M | $250M | Jungle Ventures |
| Lambda Tech Companies | 19 Feb 2025 | $480M | $2.50B | Andra Capital and SGW |
| Chainguard Tech Companies | 23 Apr 2025 | $356M | $3.50B | Kleiner Perkins and Institutional Venture Partners |
| Runway Tech Companies | 3 Apr 2025 | $308M | $3.00B | General Atlantic |
| Harvey Tech Companies | 12 Feb 2025 | $300M | $3.00B | Sequoia Capital |
| Abridge Tech Companies | 17 Feb 2025 | $250M | $2.75B | Elad Gil and Institutional Venture Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Fleetio raise in its Series D round?
Fleetio raised $450M in its Series D round, announced in Mar 2025.
Who led Fleetio's Series D round?
Elephant and Goldman Sachs Alternatives led it.
What was Fleetio's valuation at the Series D round?
$1.50B post-money ($1.05B pre-money).
How does it compare with other Series D rounds in Tech Companies?
107 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 4.5 times the median.