Car Iq Raises $15M In Oversubscribed Addition To Series B Led By Forte Ventures With Participation From Visa, Bridgestone, Navistar, Circle K
Amount Raised
$15 Million
Round Type
Series B
San FranciscoFinancial ServicesPaymentsTransportationInvestors
Description
Car IQ Inc., a leader in vehicle payments, today announced it exceeded its fundraising target with a $15 million addition to the Series B. The round was led by Forte Ventures with participation from existing investors including State Farm Ventures®, TELUS Ventures, and Avanta Ventures (the corporate venture arm of CSAA Insurance Group). New strategic investors Visa, Bridgestone, Navistar, and Circle K also joined the round, which brings the total funding raised to-date to $42 million.
Quick answer
Car IQ raised $15 Million in a Series B round, dated February 7, 2023. Investors: Circle K, Navistar, Bridgestone, Visa, Avanta Ventures, Telus Ventures, State Farm Ventures and Forte Ventures. 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 February 7, 2023.
- Who invested in Car IQ?
- Circle K, Navistar, Bridgestone, Visa, Avanta Ventures, Telus Ventures, State Farm Ventures and Forte Ventures are named as investors in this round.
- 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.
- Parallel Markets raised $8.6M on March 24, 2023.
- Tazapay raised $17M (Series A) on February 9, 2023.
- Milo raised $12M (Funding Round) on January 8, 2023.
- Buy It Mobility Networks raised $600K (Seed) on March 24, 2023.
- Streamex Corp. raised $1.5M (Seed) on March 24, 2023.
- ennabl raised $10M on March 24, 2023.
Who to call at Car IQ, and when
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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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