Fleet spending management company Coast announced it has closed a $40 million Series B led by Iconiq Growth and including participation from existing investors Accel, Insight Partners, Vesey Ventures, Avid Ventures and its newest investor, Thomvest.
The funding round also featured an undisclosed investment from financial services provider Synchrony. Coast views this as a strategic partnership since Synchrony serves many of Coast’s customers in the tire, auto parts and repair sectors, including...