Coast, a fintech startup known for its innovative fleet and expense management solutions, secured $40 million in its latest funding round. This new influx of capital comes just four months after the company raised $25 million, underscoring investor confidence in Coast’s growth and business model.
The funding round was led by Accel, with participation from existing investors Insight Partners and Greycroft. Coast plans to use the funds to improve its platform, expand its team and accelerate its market presence, with the aim of revolutionizing the fleet management industry with more efficient and cost-effective solutions.