Assembly Line

Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Coast

Coast, which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, announced it has raised $92 million in new funding. The round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners, and Better Tomorrow Ventures, as well as new investor Vesey Ventures. The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.

To add to their momentum, Coast has inked partnerships with fuel brands such as 7-Eleven Fleet (including Speedway), Casey’s, RaceTrac, and EG America brands (including Cumberland Farms), as well as retailers like Discount Tire to offer larger discounts to Coast customers while driving loyalty and repeat business for these brands.

Read more at PR Newswire