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Merchants Fleet

Merchants Fleet

Private
Hooksett, New HampshireMobility, Transportation & Logisticshttps://www.merchantsfleet.com/

Last Round

Seed

Aug 27, 2024

Total Funding Raised

$3.95B

Company Overview

Merchants Fleet is a fleet management company providing flexible funding and service options such as fleet leasing, fuel management, telematics, remarketing, fleet consulting, and EV adoption for organizations across North America.

Sector

Mobility, Transportation & Logistics

Verticals

Fleet Management, Last-Mile Delivery, Electric Vehicles, Logistics Software

Business Model

B2B

Customer Profile

Hardware + Subscription, Services & Consulting

AI Layer

Application

Keywords

fleet managementfleet management companyFMCvehicle leasingfleet leasingTCOcommercial fleettotal cost of ownershipfleet as a servicelast-mile deliveryfleet electrificationEV adoptionfleet softwaretelematicsvehicle remarketing

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Merchants Fleet Comparables

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Merchants Fleet comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Mike Albert Fleet Solutions
84%
EMKAY, Inc.
83%
Element Fleet Management Corp.
81%

Merchants Fleet Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
SeedAug 27, 2024
Take PrivateOct 19, 2022
DebtJun 2, 2022
DebtFeb 10, 2022
DebtOct 13, 2021
Debt
Aug 4, 2021

Key People

Founding team and executive leadership

Joe Bedwell

Retired CEO

Executive Team

Matt Dyer

CEO & President

Executive Team

Kirk H.

Senior Vice President and Chief Financial Officer

Executive Team

Merchants Fleet Investors

Notable investors and investment history

Merchants Fleet investors
InvestorRounds
Bain Capital CreditDebt, Growth Equity
Great Oaks Venture CapitalSeed
Plug and Play Tech CenterSeed
Rally Cap VCSeed
Virta VenturesSeed
Bain Capital, LPTake Private
Congruent VenturesSeed

Market signals

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  • Apr 21, 2020

    $50M round led by Bain Capital Credit.

Merchants Fleet Filings

SEC and related filings with document metadata.

Data table
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Merchants Fleet Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersHooksett, New Hampshire
Employee Range628
Year Founded1962
Last FundingAug 27, 2024

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