Coast Raises $27.5M in Series A Funding
- Coast, a NYC-based company which offers a smart way for companies to control fuel and fleet spending, raised $27.5m in Series A financing
- The round was led by Accel and Insight Partners with participation from existing investors
- Amit Kumar from Accel will be joining Coast’s Board of Directors, and Rebecca Liu-Doyle from Insight will join the Board as an observer
- The company is backed by founders of Affirm, Convoy, Flexport, Marqeta, Plaid, Socure, and others
- The company intends to use the funds to expand the platform’s capabilities and offer a wider range of financial products to fleet operators
- The company will also continue to scale its team, and is actively hiring for positions across engineering, product, sales, marketing, and customer service
