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- AtoB
AtoB Revenue, Valuation, Funding & Investors
AtoB is valued at $800M as of November 2021.
Last AtoB valuation
$800M
Series B · Nov 2021
Last AtoB funding round
$130M
Series C · Sep 2024
AtoB revenue
$100M
Series A · Jun 2021
Key investors in AtoB
General Catalyst
Bloomberg Beta
Y Combinator
Long Journey Ventures
Naval Ravikant
Mastercard
About AtoB
AtoB is a San Francisco-headquartered fintech building payment processing and financial tools for the ground transportation sector including rideshare drivers, limos, and trucking fleets. The platform offers instant card payouts, fuel cards, expense management, and insurance products integrated with dispatching software. AtoB processes transactions for over 100,000 drivers monthly via APIs compatible with Uber and Lyft systems. Founded in 2021, the company partners with Visa for card issuance and expands into fleet management across North America.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Commission
Revenue
$100M (Jun 2021)
Valuation
$800M (Nov 2021)
AtoB Valuation
AtoB is currently valued at $800M, based on its Series B in November 2021.
The $75M round was led by Elad Gil and General Catalyst, with participation from Dillon Hattab, Xffirmers, Altman Capital, Gramercy Ventures and Contrary.
AtoB's valuation has grown 3.9x from $204M at its Series A in June 2021 to $800M in November 2021, across 2 priced rounds.
AtoB valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2021 | Series B | $800M | - |
| Jun 2021 | Series A | $204M | 2.0x |
AtoB Revenue
AtoB's latest recorded revenue is $100M, as of its Series A in June 2021. At a $204M valuation, that implies a 2.0x revenue multiple.
AtoB revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2021 | $100M | $204M | 2.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
AtoB Funding History
AtoB has raised a total of $232M across 4 funding rounds.
AtoB's first fundraising round was a $2M seed round in August 2020. The most recent completed round was a $130M Series C in September 2024.
AtoB funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2024 | Series C | Bloomberg Beta (lead); General Catalyst (lead); Mastercard | $130M | - | AtoB is a San Francisco-based fintech providing modern payment solutions for the transportation industry, including no hidden fees fleet cards, instant direct-deposit payroll, bank accounts, and savings tools via the AtoB Carrier Wallet to help drivers and fleet operators manage fuel and non-fuel expenses, reduce fraud, and optimize finances amid rising costs and tight margins. Founded in 2019 and led by CEO Vignan Velivela, the company targets small and medium-sized trucking businesses, with strategic partnerships like Uber Freight for co-branded fuel cards. On September 19, 2024, AtoB raised $130 million in a combined Series C equity and debt (or convertible debt and equity) funding round led by General Catalyst and Bloomberg Beta, with participation from Mastercard and trucking/logistics industry players. The funding aims to support product expansion, team growth, and further innovation in transportation fintech. This follows prior rounds, including Series A extensions in 2021 and a Series B, bringing total raised to approximately $305 million across seven rounds. AtoB reported a 500% increase in revenue and volume over the past year leading to the announcement, driven by partnerships and growth in serving fleet owners, trucking companies, and drivers. The company is recognized as a member of the World Economic Forum's Global Innovators Community and on Forbes' Next Billion-Dollar Startup 2022 list. |
| Nov 2021 | Series B | Elad Gil (lead); General Catalyst (lead); Dillon Hattab; Xffirmers; Altman Capital; Gramercy Ventures; Contrary | $75M | $800M | - |
| Jun 2021 | Series A | General Catalyst (lead) | $25M | $204M | AtoB is a San Francisco-based fintech providing payment solutions for the transportation and trucking industry, offering fleet cards with no hidden fees, instant payroll, bank accounts, and savings tools to drivers and fleet operators. Founded in 2019 and led by CEO Vignan Velivela, the company targets the $790 billion U.S. trucking sector to modernize financial systems, address supply chain issues, and serve small and medium-sized fleets. In August 2021, AtoB conducted multiple Series A extensions (A-1 to A-4) totaling around $26.6 million in equity, with a consistent post-money valuation of $204.39 million across tranches, involving investors including General Catalyst, Bloomberg Beta, Eric Schmidt, Gokul Rajaram, Mark Benioff, Naval Ravikant, and Y Combinator. The funding supported expansion of financial services for truckers, scaling operations, and product development amid strong product-market fit since launch in June 2021. By December 2022, AtoB reached annualized transaction volumes of $3 billion and 30,000 business customers, reflecting robust growth. Subsequent rounds included a $155 million Series B in 2021 led by Elad Gil and General Catalyst with participants like Collaborative Fund and Contrary Capital, bringing total raise to $230 million in debt and equity, followed by a $130 million Series C in 2024 co-led by General Catalyst and Bloomberg Beta with Mastercard. AtoB's growth involved partnerships with Uber Freight for co-branded fuel cards, Mastercard, top brokerages, freight factoring, and energy firms, driving 500% increases in revenue and volume in recent years. Investors praised its unique logistics and payment stack for transportation, positioning it to empower truckers and improve supply chains. |
| Aug 2020 | Seed | Bloomberg Beta (lead); Scott Banister; Y Combinator; Qasar Younis; Long Journey Ventures; Naval Ravikant; Immad Akhund; Manik Gupta; Jetstream | $2M | - | - |
Who has invested in AtoB?
17 investors have backed AtoB across its funding rounds, including General Catalyst, Bloomberg Beta, Y Combinator, Long Journey Ventures, Naval Ravikant and Mastercard.
Lead investors include Bloomberg Beta, General Catalyst and Elad Gil.
AtoB Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2021 | ||
| 2 | Lead | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| -- | 1 | Participant | Nov 2021 | |
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Sep 2024 | ||
| 1 | Participant | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 17 AtoB investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAtoB Competitors
AtoB competitors include listed companies like PaySign and Seshaasai, and private ones like TNG FinTech Group, Sipay, Check and Hala.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $860M | - | ||
| Private | $600M | - | $875M | 1.5x | ||
| Private | - | - | $725M | - | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $82M | $16M | $701M | 6.4x | ||
| Publicly listed | $150M | $41M | $617M | 3.7x |
AtoB Public Comps
AtoB is still privately-owned, but its public comps include SY Holdings Group, Worldline, Cass Information Systems, Digital Garage, PaySign, Eurowag, SLR Digital Finance, Seshaasai, SZZT Electronics Co and LINE Pay Taiwan.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $135M | $120M | 5.8x | - | 6.5x | - | |||
| $4.6B | ($5.2B) | 0.6x | 0.7x | (0.6x) | 3.8x | |||
| $182M | - | 4.6x | 4.1x | - | - | |||
| $263M | $51M | 1.9x | 1.9x | 10.0x | 10.3x | |||
| $82M | $16M | 8.3x | 6.4x | 43.3x | 20.7x | |||
| $2.7B | $119M | 0.5x | 3.0x | 10.3x | 7.5x | |||
| $224M | $219M | 6.2x | 6.9x | 6.4x | - | |||
| $150M | $41M | 3.9x | 3.7x | 14.4x | 14.2x | |||
This data is available for Pro users. Sign up to see all AtoB competitors and their valuation data. Start Free Trial | ||||||||
Common questions about AtoB
| When was AtoB founded? | AtoB was founded in 2019. |
| Where is AtoB headquartered? | AtoB is headquartered in San Francisco, CA, United States. |
| Is AtoB publicly listed? | No, AtoB is a private, VC-backed company. |
| What is AtoB's valuation? | AtoB was last valued at $800M in its Series B in November 2021. |
| How much funding has AtoB raised? | AtoB has raised $232M across 4 funding rounds. |
| What was AtoB's last funding round? | AtoB's last funding round was a $130M Series C in September 2024, led by Bloomberg Beta and General Catalyst. |
| Who are AtoB's investors? | AtoB's investors include General Catalyst, Bloomberg Beta, Scott Banister, Dillon Hattab, Y Combinator, Qasar Younis, Long Journey Ventures, Xffirmers, Naval Ravikant, Altman Capital and 7 others. |
| What is AtoB's revenue? | AtoB's latest recorded revenue is $100M (June 2021). |
| What is AtoB's revenue multiple? | AtoB's latest valuation implies a 2.0x revenue multiple ($204M valuation on $100M of revenue). |
| Which companies are comparable to AtoB? | Companies comparable to AtoB include TNG FinTech Group, Sipay, Check, Hala, PaySign and Seshaasai. |
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