Total amount raised
$100 Millions
Latest funding date
04/01/2009
Location
FleetCor is a leading independent global provider of specialized payment products and services, catering to businesses, commercial fleets, major oil companies, petroleum marketers, and government entities. The company serves over 500,000 commercial accounts with millions of cardholders across North America, Europe, Africa, and Asia, facilitating the purchase of more than $14 billion of fuel annually.
FleetCor's extensive network includes over 800 partners, ranging from major oil companies like BP and Chevron to smaller petroleum marketers. Keep reading to explore the intricacies of FleetCor's business model and the services that make it a pivotal player in the global fleet card industry.
What Is FleetCor?
FleetCor, established in 2000, is a global leader in providing specialized payment products and services. The company serves businesses, commercial fleets, major oil companies, petroleum marketers, and government entities.
With over 500,000 commercial accounts and millions of cardholders across North America, Europe, Africa, and Asia, FleetCor facilitates the purchase of over $14 billion of fuel annually. The company maintains relationships with over 800 partners, including major oil companies like BP and Chevron.
How Much Funding Has FleetCor Raised?
- Series E
- Amount Raised: $100M
- Date: April 2009
- Lead Investors: Summit Partners
FleetCor has raised a total of $100M in funding.
Key Investors
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. Founded in 1984, the firm has raised more than $23 billion in capital.
- Investment Focus Areas: Technology, healthcare, financial services, consumer.
- Notable Investments: Uber, Avast, McAfee.
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