Coast Lands $27.5M From Vc Firms, Slew Of Founders To Provide Expense Management To Fleet Operators
PRIVATEFeb 17, 2022
Amount Raised
$27.5 Million
Round Type
Funding Round
United StatesOtherFinancial ServicesCommerce And Shopping
Description
Coast, which aims to help companies control fuel and fleet spending with its expense management software, has raised $27.5 million in a Series A financing co-led by Accel and Insight Partners.
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Company Information
Company
Coast
Location
United States
About
Coast is re-imagining the trillion-dollar US B2B card payments infrastructure, with a focus on the country's 500,000 commercial fleets, 40 million commercial vehicles, and many million commercial drivers. Drivers, fleets, and the merchants that serve them all increasingly demand modern digital payments experiences and affordable and transparent financial services products. Coast's mission is to deliver them at a transformational scale and to improve working lives in one of the country's biggest industry sectors. Coast is founded and led by Daniel Simon, who previously co-founded digital payments platform Bread (breadpayments.com), which was acquired by Alliance Data Systems for more than $500 million in 2020.
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United StatesOtherFinancial ServicesCommerce And Shopping