Bootstrapped for seven years, French IT scale-up Fleet enters first LBO at €100 million valuation
French IT scale-up Fleet has secured significant investment, entering its first LBO (Leveraged Buyout) at a valuation of €100 million. This marks a pivotal moment for the Paris-based company, which has operated on a bootstrapped model for seven years. The investment by ISAI Expansion, a strategy of ISAI Gestion, underscores Fleet's strong financial performance and rapid growth within the B2B software sector. Fleet specializes in providing comprehensive IT fleet management, equipment, and security solutions for SMEs, serving businesses with 5 to 500 employees. Their all-in-one offering encompasses an equipment catalog, a fleet management platform named "Cockpit," hardware incident support, and end-of-life device management. The company reported over 90% growth in 2025 while maintaining profitability, highlighting its efficient operational model and lean organization. This transaction places Fleet within a growing European trend of significant funding rounds for B2B software and operational technology companies. Other recent investments include Qargo's €28 million Series B for its transport management platform and Zepo Intelligence's €12.8 million to bolster its AI-driven cybersecurity against human-targeted threats. These deals collectively represent substantial capital flowing into European enterprise software and security solutions, signaling increased investor confidence in the region's digital innovation.
Curated and translated by Europe Digital for our multilingual European audience.
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