Fleet, a commuter benefits management platform, successfully closed a $2.5 million seed round led by Congruent Ventures. The funding raised brings Fleet’s total investment to date to $5 million. The infusion of capital will be used to expand and enhance its platform aimed at simplifying the implementation of commuter benefits programs for employers. With the rise of hybrid work schedules and return-to-office programs, Fleet’s solutions address complexities and new mandates requiring pre-tax commuter benefits. Fleet’s platform integrates seamlessly into HR and finance systems, showing a 3x faster adoption rate from employees and significant cost savings. Fleet seeks to promote sustainable commuting habits and reduce GHG emissions. The investment round also saw participation from Great Oaks Venture Capital, Plug and Play Ventures, Rally Cap, and Virta Ventures, along with backing from prominent advisors.
Human Resources and Employment, Financial Technology, Sustainable Transportation,United States
https://finance.yahoo.com/news/fleet-pivots-providing-modern-commuter-130000474.html