When was Car IQ founded?

Car IQ was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Where is Car IQ located?

Car IQ is headquartered in San Francisco, United States.

Who is the current CEO of Car IQ?

Sterling Pratz of Car IQ. They have also founded 1 company.

How many employees does Car IQ have?

As of Sep 30, 2026, the latest employee count at Car IQ is 40.

Is Car IQ a funded company?

Car IQ is a funded company, having raised a total of $50M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 25, 2019.

When was the latest funding round of Car IQ?

Car IQ's latest funding was a $***** Series B round on Jul 30, 2025, with participation from 1 investor.

Where does Car IQ rank among its competitors?

Car IQ ranks 1st amongst 7 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Car IQ, which secured $8M in Jul, 2025.

Who are the top competitors of Car IQ?

Car IQ's top competitors include Phillips 66, Giant Eagle Prepaid and PayByCar. Among them, Car IQ secured the most recent funding round in July, 2025.

Car IQ - 2026 Company Profile, Team, Funding & Competitors

Car IQ is an acquired company based in San Francisco (United States), founded in 2016 by Sterling Pratz. It operates as an In-vehicle payment solutions for commercial fleets. Car IQ has raised $50M in funding from Quest Venture Partners. The company has 7 active competitors, including 2 funded and 1 that has exited. Its top competitors include companies like Phillips 66, Giant Eagle Prepaid and PayByCar.

Company Details

In-vehicle payment solutions for commercial fleets. It enables contactless transactions at fuel stations. It replaces the need for physical fleet cards by charging expenses centrally and paying in one bill.

Website: www.cariqpay.com/
Email ID: *****@gocariq.com

Key Metrics

Founded Year

2016

Location

San Francisco, United States

Stage

Acquired

Total Funding

$50M in 4 rounds

Latest Funding Round

Series B, Jul 30, 2025, $*****

Investors

Quest Venture Partners & 19 more

Ranked

1^st among 7 active competitors

Employee Count

40 as on Sep 30, 2026

Similar Companies

Phillips 66 & 53 more

Exit Details

Acquired by Element (Dec 02, 2025)

View Car IQ's full profile

Car IQ got acquired by Element on Dec 02, 2025.

Click here to take a look at Car IQ's acquisition in detail

Car IQ has raised a total funding of $50M over 4 rounds. Its first funding round was on Jun 25, 2019. Its latest funding round was a Series B round on Jul 30, 2025 for $*****. 1 investor participated in its latest round. Car IQ has 20 institutional investors.

Here is the list of recent funding rounds of Car IQ:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 30, 2025	3990201	Series B	4949148	6830518	5399257	5251831
Feb 07, 2023	4086999	Series B	8431164	4862711	9932028	Forte Ventures & 8 more
Aug 11, 2021	8692784	Series B	2585588	2832661	9985186	Forte Ventures & 9 more

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View details of Car IQ's funding rounds and investors

The founders of Car IQ is Sterling Pratz. Sterling Pratz is the CEO of Car IQ.

Here are the details of Car IQ's key team members:

Sterling Pratz: Founder & CEO of Car IQ and founder of 1 other company.
Contact Info: 1 email address

View details of Car IQ's Founder profiles and Board Members

Car IQ's employee count trend

Car IQ has 40 employees as of Sep 26. Here is Car IQ's employee count trend over the years:

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Top competitors of Car IQ include Phillips 66, Giant Eagle Prepaid and PayByCar. Here is the list of Top 10 competitors of Car IQ, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Car IQ 2016, San Francisco (United States), Acquired	In-vehicle payment solutions for commercial fleets	$50M	Visa, Polytech Ventures & 18 others	60/100
2nd	Phillips 66 2011, Bartlesville (United States), Funding Raised	Wallet-enabled fuel card payment solution for consumers	-	-	50/100
3rd	Giant Eagle Prepaid 2016, Austin (United States), Unfunded	App for fuel payments	-	-	37/100
4th	PayByCar 2017, Boston (United States), Seed	Online pay-by-text solutions for toll payments	$4M	Martech Ventures	30/100
5th	MineralAnswers 2019, Austin (United States), Seed	Portal providing information and news about oil and gas industry	-	-	27/100
6th	Fleet DriverDash 2016, South Portland (United States), Unfunded	App for fuel payments	-	-	23/100
7th	Wawa 1803, United States, Unfunded	Fuel cards for fleet businesses	-	-	16/100
8th	Supergasme 2012, Palo Alto (United States), Deadpooled	Mobile payment platform for gas stations	-	-	15/100
9th	Hero Pay 2016, Columbus (United States), Deadpooled	App for fuel and gas payments	-	-	14/100
10th	ZwiftPay 2015, Boston (United States), Deadpooled	Contactless payments at gas stations.	-	-	14/100