Coast Raises $35M Series C+ Led by Thomvest Ventures for Fleet Expense Management

Coast Closes $35M Series C+

Coast, a provider of expense management software and commercial charge cards for fleet operators, has raised a $35 million Series C+ round. Thomvest Ventures led the round. The funding date is October 22, 2026.

Additional investors in the round include Vintage Investment Partners, Intuit Ventures, Avid Ventures, RXR, Iconiq Growth, Better Tomorrow Ventures, The Fintech Fund, Accel, Alpha Square Group, Colle Capital, Insight Partners, Synchrony Ventures, and Small World Capital.

What Coast Does

Coast provides expense management software and commercial charge cards built for fleet operators. The platform is designed to help fleets control spending across fuel, fleet expenses, parking, maintenance, and other field expenses.

By combining charge cards with expense management software, Coast addresses the operational and financial control needs of businesses that manage vehicles and field operations. Fleet spending is distributed across drivers, vehicles, and locations, which makes centralized visibility and control a core requirement for operators.

Investor Base

The Series C+ round brings together a mix of venture and strategic investors. Thomvest Ventures led the round, with participation from Vintage Investment Partners, Intuit Ventures, Avid Ventures, RXR, Iconiq Growth, Better Tomorrow Ventures, The Fintech Fund, Accel, Alpha Square Group, Colle Capital, Insight Partners, Synchrony Ventures, and Small World Capital.

The presence of Intuit Ventures and Synchrony Ventures alongside a broad set of venture funds reflects interest in Coast's position at the intersection of fleet operations, payments, and expense management software.

Why the Round Matters

Coast operates in a segment where software and financial products are increasingly combined. Fleet operators need both a payment instrument that works in the field and a software layer that gives finance and operations teams control over how that spend is authorized, categorized, and reconciled. Coast's product set covers both sides of that equation.

The $35 million Series C+ gives the company additional capital as it continues to build out its offering for fleet operators. The round's investor list spans fintech-focused funds, growth investors, and strategic participants from the financial and software sectors.

Acquisition Perspective

For acquirers, Coast offers a combined software-and-card product built specifically for fleet expense management, a customer segment with distinct spending control requirements. The company's investor base includes both financial technology investors and strategic corporate investors, which can be relevant to parties evaluating the fleet payments and expense management space.

Summary

• Company: Coast
• Round: Series C+
• Amount: $35 million
• Currency: USD
• Funding date: October 22, 2026
• Lead investor: Thomvest Ventures
• Investors: Thomvest Ventures, Vintage Investment Partners, Intuit Ventures, Avid Ventures, RXR, Iconiq Growth, Better Tomorrow Ventures, The Fintech Fund, Accel, Alpha Square Group, Colle Capital, Insight Partners, Synchrony Ventures, Small World Capital
• Focus: Expense management software and commercial charge cards for fleet operators, covering fuel, fleet spending, parking, maintenance, and other field expenses