Car Iq Closes An Oversubscribed $15 Million Series B Round For Fleet Vehicle Payment Platform
Amount Raised
$15 Million
Round Type
Series B
San FranciscoFinancial ServicesPaymentsTransportationDescription
Car IQ, the first payment solution developed specifically for fleet vehicles, today announced it has raised $15 million in Series B funding. The round was led by Forté Ventures. Other new investors Ally Ventures, BlackBerry Limited (NYSE: BB; TSX: BB), State Farm Ventures®, and TELUS Ventures joined existing investors Alpana Ventures, Avanta Ventures, Citi Ventures, Quest Venture Partners, and Scrum Ventures.
Quick answer
Car IQ raised $15 Million in a Series B round, dated August 11, 2021. Car IQ is based in San Francisco, California, United States.
- How much did Car IQ raise?
- Car IQ raised $15 Million in a Series B round on August 11, 2021.
- What does Car IQ do?
- Car IQ is the first payment solution developed for vehicles and fleets that enables vehicles to transact directly, securely and autonomously with merchants.
- Where is Car IQ based and how big is it?
- Car IQ is based in San Francisco, California, United States.
Source: Fundz verified event record.
Who else raised in Financial Services and Payments around the same time
Companies in the same sectors as Car IQ that raised within 45 days of this round, from Fundz verified event records.
- Stord raised $90M (Series D) on September 14, 2021.
- Stord raised $95M on September 13, 2021.
- Pixieset Media raised an undisclosed amount (Private Equity) on September 13, 2021.
- NMI raised an undisclosed amount on September 9, 2021.
- Dodgeball, Inc. raised $2.3M (Seed) on September 8, 2021.
- Cloud Walk raised $124M on September 8, 2021.
Who to call at Car IQ, and when
A new round usually means Car IQ is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Car IQ raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Car IQ, from your own LinkedIn network
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Fundz sees it the moment Car IQ raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansCar IQ raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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