Coast, a fintech startup known for its innovative fleet and expense management solutions, has secured $40 million in its latest funding round. This new influx of capital comes just four months after the company raised $25 million, underscoring the confidence investors have 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 enhance its platform, expand its team, and accelerate its market presence, aiming to revolutionize the fleet management industry with more efficient and cost-effective solutions.
