Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets

March 21, 2024

https://www.prnewswire.com/news-releases/coast-raises-92-million-in-new-capital-partners-with-visa-to-expand-financial-tools-and-software-for-modern-business-fleets-302096146.html

NEW YORK, March 21, 2024 /PRNewswire/ — Coast, which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, today announced it has raised $92 million in new funding. The round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners, and Better Tomorrow Ventures, as well as new investor Vesey Ventures. The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.

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