Coast raises $35 million to expand finance tools for fleet and field businesses
Thomvest Ventures leads the financing, joined by Intuit Ventures and other new and existing investors.
Expanding beyond fleet cards
Coast has raised $35 million in funding led by Thomvest Ventures. New investors Intuit Ventures, Small World Capital and Alpha Square Group joined the round alongside existing backers.
The financing will support automated expense management, bill payment and accounts payable products, and partnerships that embed Coast’s controls in fleet and field-service software.
Coast serves businesses in sectors such as construction, HVAC, plumbing and transportation. It has expanded from fuel cards into a financial platform combining card spending, supplier payments and accounting workflows.
Use of funds
Automate field-service expense management, expand bill pay and accounts payable, and embed finance in fleet workflows.