Fleet opens its capital at a €100M valuation after seven years of bootstrapping

French scale-up Fleet has secured €100 million in funding, marking a significant step for the IT fleet management, equipment, and security provider for SMEs. After seven years of bootstrapping, this capital injection from ISAI Expansion signifies the company's transition to external investment, valuing it at €100 million and providing liquidity for founders and employees while maintaining independent majority shareholding. This move underscores the growing maturity and potential of European tech companies in specialized B2B SaaS markets. Initially founded as an IT leasing startup in 2019, Fleet has evolved into a comprehensive IT operations platform. It now offers a full suite of services for SMEs with 5 to 500 employees, encompassing IT procurement with rapid global delivery, day-to-day fleet management, and cybersecurity solutions. The company's strength lies in its ability to streamline operational complexities, particularly for businesses with international footprints and remote teams, addressing the increasing challenges of cross-border employment and dispersed workforces. Fleet's international playbook has been a key driver of its success, with operations extending across Europe, the US, India, Asia, and Africa. This global presence, coupled with a sales-led strategy, positions Fleet uniquely in the market, offering an integrated solution that combines leasing, financing, purchasing, warranty, insurance, and cybersecurity without direct competitors providing such a comprehensive international stack. The company achieved over 90% growth in 2025 while maintaining profitability, demonstrating a disciplined approach to execution and market expansion.