Fuel Me, a pioneering fuel procurement and management platform secures $18million in series A round funding. Tribeca Venture Partners and Pritzker Group Venture Capital led this round together. In conjunction with the funding, Tribeca Venture Partners Partner and co-founder Brian Hirsch has joined the Fuel Me board.
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Gaingels, Bessemer Venture Partners, Correlation Ventures, FJ Labs, HPA (Hyde Park Angels), Bridge Ventures, and Forefront Venture Partners are some of the other recent investors. The round’s oversubscription demonstrates investors’ resolute belief in gasoline Me’s ground-breaking and inventive plan for the gasoline procurement sector.
Carlo Passacantando, Co-founder and CEO said, “This funding marks a significant milestone, enabling Fuel Me to accelerate the development of advanced technology while continuing to deliver unparalleled service to our customers. With the support of our investors, we are poised to rapidly expand our market share as we redefine fuel procurement to meet the evolving needs of both the U.S. and global energy markets,”.
Chris Girgenti, Managing Partner of Pritzker Group Venture Capital said, “Pritzker Group Venture Capital sees the potential of Fuel Me to create a category-leading marketplace for fuel distribution. This category is massive in size, and Fuel Me has a significant first-mover advantage as the only national digital marketplace in the space,”.
Boy Schook, Co-founder and COO, emphasized the importance of Fuel Me’s technology, stating, “The Fuel Me platform leads the next evolution in energy distribution. By pioneering advanced solutions that merge AI-driven optimization with predictive ordering based on real-time weather monitoring, we ensure automated, efficient fuel deliveries tailored to enterprise needs. Our approach transcends traditional fueling methods, positioning us as a strategic partner in optimizing industry operations.”
It has grown quickly, as evidenced by performance measures that have increased five times in the last year. After completing more than 20,000 fuel deliveries, the business currently provides services to an increasing number of Fortune 500 clients. utilizing thoughtful integrations.
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Gasoline Me offers improved tax compliance automation and national gasoline pricing, which are crucial for streamlining large-scale companies’ procurement procedures. This guarantees significant gains in efficiency and strong compliance solutions.
About Fuel Me
Fuel Me is spearheading the revolution in the fuel procurement sector by providing state-of-the-art solutions customized to meet the demands of enterprise clients and big businesses. It, a 2020 startup, ensures operational efficiency, cost savings, and sustainability by streamlining fuel management and distribution with the use of cutting-edge technology.
