When was Fleetio founded?

Fleetio was founded in 2011 and became a unicorn in 2025, reaching the milestone in 14 years. It raised its 1st funding round 5 years after its incorporation.

Where is Fleetio located?

Fleetio is headquartered in Birmingham, United States. It is registered at Birmingham, Alabama.

Which legal entities is Fleetio associated with?

Fleetio is associated with RARESTEP, INC..

How many employees does Fleetio have?

As of Mar 31, 2026, the latest employee count at Fleetio is 463.

Is Fleetio a funded company?

Fleetio is a funded company, having raised a total of $624M across 5 funding rounds to date. The company's 1st funding round was a $750K Seed round, raised on Sep 01, 2016.

How much is Fleetio worth?

The latest valuation of Fleetio is $1.5B as of Mar 25, 2025.

When was the latest funding round of Fleetio?

Fleetio's latest funding was a $454M Series D round on Mar 20, 2025, with participation from 2 investors.

Is Fleetio a Logistics Tech company?

The primary sector of Fleetio is Logistics Tech.

Where does Fleetio rank among its competitors?

Fleetio ranks 1st amongst 88 active competitors, of which 6 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Fleetio, which secured $454M in Mar, 2025.

Who are the top competitors of Fleetio?

Fleetio's top competitors include Uptake, Whip Around and Preteckt. Among them, Fleetio secured the most recent funding round in March, 2025.

Fleetio - 2026 Company Profile, Team, Funding & Competitors

Fleetio is a series D company based in Birmingham (United States), founded in 2011 by Tony Summerville. It operates as a Provider of cloud-based fleet management solutions. Fleetio has raised $624M in funding from Elephant Venture Capital and Goldman Sachs, with a current valuation of $1.5B. The company has 88 active competitors, including 6 funded and 5 that have exited. Its top competitors include companies like Uptake, Whip Around and Preteckt.

Sectors and market segments that Fleetio operate in

Fleetio serves in the Transportation and Logistics Tech market segments.The primary business model of Fleetio is:

Transportation and Logistics Tech > Logistics Tech > ***** **** > ***** ******

Company Details

Fleetio is a provider of cloud-based fleet management solutions. It offers solutions for fleet management, fuel management, equipment management, maintenance & compliance management, reporting, real-time tracking, and more. Clients include Boyle, Splend, Snap Towing, and others.

Website: www.fleetio.com/
Social
Email ID: *****@fleetio.com
Registered Address: Birmingham, Alabama

Key Metrics

Founded Year

2011

Location

Birmingham, United States

Stage

Series D

Total Funding

$624M in 5 rounds

Latest Funding Round

Series D, Mar 20, 2025, $454M

Post Money Valuation

$1.5B as on Mar 25, 2025

Investors

Elephant Venture Capital & 2 more

Ranked

1^st among 88 active competitors

Employee Count

463 as on Mar 31, 2026

Investment & Acquisitions

Auto Integrate

Similar Companies

Uptake & 106 more

View Fleetio's full profile

Fleetio is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RARESTEP, INC. CIN: 452338164 , United States, Active	Oct 29, 2020	-	283 (As on Dec 31, 2024)	-

Fleetio has raised a total funding of $624M over 5 rounds. Its first funding round was on Sep 01, 2016. Its latest funding round was a Series D round on Mar 20, 2025 for $454M. 2 investors participated in its latest round. Fleetio has 3 institutional investors.

Here is the list of recent funding rounds of Fleetio:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 20, 2025	$454M	Series D	$1.5B	-	Elephant Venture Capital, Goldman Sachs	-
May 26, 2023	$145M	Series C	-	-	Elephant Venture Capital	-
Nov 10, 2020	$21.1M	Series B	-	-	Elephant Venture Capital	Endeavor

Access funding benchmarks and valuations. Sign up today!

View details of Fleetio's funding rounds and investors

The founders of Fleetio is Tony Summerville. Jon Meachin is the CEO of Fleetio.

Here are the details of Fleetio's key team members:

Tony Summerville: Founder & Executive Chairman of Fleetio. They are also an angel investor in 1 startup.
Jon Meachin: CEO of Fleetio.

Fleetio's Board of Directors

Fleetio's board has 11 active members. Jeremiah Daly, Jonathan Sides, Christopher De Souza, Brendon Hardin, Meachin Jon, John D. Connolly, Anthony Summerville, Matt D. Mandel, Lee Styslinger III, Jack Connolly and Jonathan D. Sides are independent board members.

Here is the list of Fleetio's board of directors:

Name	Type	Representing	Status	Duration
Jeremiah Daly	Independent board member	-	Current	5y 3m
Jonathan Sides	Independent board member	-	Current	6y 11m
Christopher De Souza	Independent board member	-	Current	0y 10m
Brendon Hardin	Independent board member	-	Current	0y 10m
Meachin Jon	Independent board member	-	Current	0y 10m
John D. Connolly	Independent board member	-	Current	0y 10m
Anthony Summerville	Independent board member	-	Current	6y 11m
Matt D. Mandel	Independent board member	-	Current	0y 10m
Lee Styslinger III	Independent board member	-	Current	0y 10m
Jack Connolly	Independent board member	-	Current	0y 10m
Jonathan D. Sides	Independent board member	-	Current	5y 3m

View details of Fleetio's Founder profiles and Board Members

Fleetio's employee count trend

Fleetio has 463 employees as of Mar 26. Here is Fleetio's employee count trend over the years:

Uncover Fleetio's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Fleetio include Uptake, Whip Around and Preteckt. Here is the list of Top 10 competitors of Fleetio, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fleetio 2011, Birmingham (United States), Series D	Provider of cloud-based fleet management solutions	$624M	Goldman Sachs, Endeavor & 1 others	62/100
2nd	Uptake 2014, Chicago (United States), Series D	Cloud-based platform for predictive analytics and asset performance management	$282M	Baillie Gifford, Revolution & 13 others	60/100
3rd	Whip Around 2016, Charlotte (United States), Series B	Provider of web-based fleet inspection and maintenance software	$14M	Punakaiki Fund, Amplo & 2 others	54/100
4th	Preteckt 2014, Memphis (United States), Acquired	Predictive maintenance & remote diagnostics of vehicles	$6.98M	Start, 500 Global & 10 others	50/100
5th	Halligan 2016, New York City (United States), Acquired	Provider of inventory management & vehicle maintenance solutions	-	-	45/100
6th	DossierSystems 1979, Burlington Flats (United States), Acquired	Provider of software for waste, recycling, transport, and fleet management	-	-	43/100
7th	HVI 2013, Atlanta (United States), Unfunded	Cloud-based fleet management software	-	-	43/100
8th	Pitstop 2015, Kitchener (Canada), Series A	Cloud based solution for predictive maintenance of vehicles	$5.59M	Tech Square Ventures, Ripple Ventures & 14 others	42/100
9th	FleetPal 2015, Delaware Water Gap (United States), Unfunded	Provider of fleet maintenance software	-	-	40/100
10th	Stratio 2015, Coimbra (Portugal), Series A	AI and SaaS-based predictive maintenance solution for heavy-duty vehicles	$15.4M	Crane Venture Partners, Forestay & 3 others	40/100