Time: 2024-08-28
Fleet , a modern commuter benefit management platform , recently announce the shutting of its .5 million seed round light-emitting_diode by Congruent Ventures , along with the engagement of Great Oaks Venture capital , Plug and Play Ventures , Rally Cap , and Virta Ventures . This seed support round bring Fleet 's sum venture capital to million . The company also onboarded a talented group of angel and adviser , include former executive at Robinhood and Brex , such as ex-husband - coo Michael Tannenbaum.
Fleet 's exclusive focus is on enhance and deploy its signature commuter benefit management platform . The platform supply a low - cost , scalable solution for employer to attract and retain endowment , comply with commute mandate , and promote sustainable transportation_system . With the rise of loanblend agenda and tax_return - to - office plan , commutation has become more complex , and employee expectation have evolve . employer are now scramble to discovery solution to comply with new mandate that necessitate offer pre - tax commuter benefit plan to employee of a certain size.
The mandate for pre - tax commuter benefit plan , unite with less predictable work agenda , have present challenge for HR director and employee alike . Fleet 's platform brand it easy for employer to deploy , scale , and pull_off a commuter benefit plan across their stallion enterprise . employee can entree and pull_off their benefit without extra back - office operating_expense , cumbersome reimbursement , or history account_payable procedure . The platform also let employee to return advantage of incentive offer by their employer and brand their commute less carbon - intensifier and more rewarding.
Fleet 's solution have see a 3x fast adoption rate from employee , a 70 % decrease in customer support inquiry , and a 50 % cost savings compare to bequest system . Shaurya Saluja , Co - Founder & CEO of Fleet , stress the importance of commuter benefit plan in reduction costs while support populace transportation_system and positive sociable impact . The Fleet platform purpose to bring better commuter benefit management and great consequence to location across the U.S. , lead to cost savings for company and employee , reduction GHG emission , and hike corporate sustainability.
Fleet , establish in San Francisco , CA , raise .5 million in Seed support , with Congruent Ventures lead the round . The company plan to use the funds to enhance and deploy its platform , which simplify conformity with new mandate for business and incentivizes more sustainable transportation_system for employee . Fleet offer automatize commute analysis , custom-make plan configuration , and backend support for assorted commuter benefit , such as car - subtract , employer subsidy , and tax benefit . In addition to reduction the cost of benefit plan and corporate tax , Fleet supply precise emission decrease data that better corporate sustainability profile . The platform 's value proposition has resonate with investor and user alike , highlight the growth need for easy - to - use platform that promote low carbon commuter benefits.
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