iFleet, Inc.
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iFleet, Inc. - overview
Established
1991
Location
Roswell, GA, US
Primary Industry
Software
About
iFleet, Inc. is a provider of innovative fleet management solutions that enhance operational efficiency and optimize vehicle performance for businesses across various sectors. Founded in 1991 in Roswell, US, iFleet, Inc. specializes in fleet management technologies.
The company has secured a total of USD 5. 18 mn in funding, with its most recent round being a Growth round of USD 5. 18 mn from EGL Ventures in June 2003. The firm has executed a total of 2 deals, positioning it as a significant player in its niche.
iFleet specializes in innovative fleet management solutions designed to optimize operational efficiency and enhance vehicle performance. The company's core offerings include advanced telematics systems that provide real-time data on vehicle location, fuel consumption, and driver behavior. These products address key challenges faced by logistics and transportation businesses by reducing operational costs and improving fleet utilization. iFleet's solutions cater primarily to enterprise-level clients, including logistics firms, delivery services, and commercial transportation companies across North America and Europe, leading to a growing customer base that values the data-driven insights provided to streamline their operations.
iFleet generates revenue through a subscription-based model that enables clients to access their fleet management software and services. Clients typically enter into annual agreements, granting them access to the full suite of telematics features and ongoing support. The transaction structure often involves direct B2B partnerships, where enterprises subscribe to various service tiers based on fleet size and specific needs. Pricing plans accommodate different client requirements, including premium packages that offer additional functionalities such as predictive analytics and advanced reporting, fostering long-term client relationships and establishing iFleet as a trusted partner in the fleet management sector.
iFleet is focused on developing new products aimed at launching advanced telematics features in the coming year. The company plans to expand its market reach into Asia and Latin America by 2025. Recent funding will support these initiatives as iFleet aims to leverage the latest technology advancements to improve service offerings. In 2003, EGL Ventures exited its investment in iFleet, Inc.
Primary Industry
Software
Sub Industries
Systems Management Software
Website
www.ifleet.com
Total Amount Raised
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iFleet, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | iFleet, Inc. | - | ||||||||
| Growth | Completed | iFleet, Inc. | - |
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