How Much Did AtoB Raise? Funding & Key Investors

Date
March 25, 2025
AtoB

Total amount raised

$312 Millions

Latest funding date

AtoB

Location

Title

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AtoB has successfully raised significant funding through multiple rounds, including a Series C, to build a robust payments infrastructure for the transportation industry. The company offers a range of services such as fuel cards with competitive discounts, telematics integration, and payroll processing.

Keep reading to explore the intricacies of AtoB's fundraising journey and the investors backing this innovative platform.

What Is AtoB?

AtoB, founded in September 2019, is a technology company based in San Francisco, California. The company was established by Harshita Arora, Vignan Velivela, and Tushar Misra. AtoB employs between 101-250 people and focuses on building payments infrastructure for the transportation industry.

How Much Funding Has AtoB Raised?

  1. Seed Round
    • Amount Raised: $2M
    • Date: August 2020
    • Lead Investors: Bloomberg Beta
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
  2. Series A
    • Amount Raised: $25M
    • Date: June 2021
    • Lead Investors: General Catalyst
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale operations and expand the product lineup.
  3. Series B
    • Amount Raised: $75M
    • Date: November 2021
    • Lead Investors: Elad Gil, General Catalyst
    • Valuation at Round: $800M
    • Motivation Behind the Round: To expand operations and roll out new products for fleet management and maintenance.
  4. Debt Financing
    • Amount Raised: $80M
    • Date: August 2022
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support operational expansion and enhance financial stability.
  5. Debt Financing
    • Amount Raised: Not publicly disclosed
    • Date: September 2024
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further support the company's growth and financial needs.
  6. Series C
    • Amount Raised: $130M
    • Date: September 2024
    • Lead Investors: Bloomberg Beta, General Catalyst
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale the business and enter new markets.

Total Amount Raised: $312M. Current Valuation: $800M.

Key Investors

  • General Catalyst
    • Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They have a strong track record of backing successful startups.
    • Investment Focus Areas: Technology, healthcare, consumer, enterprise.
    • Notable Investments: Stripe, Airbnb, Snap.
  • Bloomberg Beta
    • Details: Bloomberg Beta is a venture capital firm focused on investing in the future of work. They are known for their strategic investments in innovative startups.
    • Investment Focus Areas: Future of work, machine intelligence, data, new business models.
    • Notable Investments: Slack, Codecademy, Knotel.
  • Elad Gil
    • Details: Elad Gil is a prominent investor and entrepreneur with a history of successful investments in high-growth startups. He has a background in technology and healthcare.
    • Investment Focus Areas: Technology, fintech, healthcare, software.
    • Notable Investments: Airbnb, Stripe, Gusto.

What's Next for AtoB?

With the trucking industry facing rising fuel costs, AtoB's innovative payment solutions offer a significant opportunity for growth. The company plans to expand its fuel card and payment system to more trucking companies and commercial drivers, while also introducing new products like payroll services and fleet management solutions. International expansion to markets like Canada and Mexico is also on the horizon.

Given the strong investor interest and the company's rapid growth, future fundraising rounds are likely. However, AtoB will need to navigate competition from established fuel card providers and potential regulatory challenges in international markets. Managing rapid growth and scaling operations effectively will be crucial for their continued success.

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