COMPANY INFO
Coast's actual company name is K-Dimensional Holdings Inc., founded in 2020 by Daniel Simon. The company has about 118 employees as of 2024 and operates in the Financial Software, FinTech, Fleet Management, and Payments industries. Coast provides a card payment platform designed to simplify fleet and fuel payments for truck drivers, offering payment integration solutions that make fleet management easier compared to traditional financial services. Their website is coastpay.com.
Coast (officially K-Dimensional Holdings Inc.) was founded in 2020 by Daniel Simon and operates in the Financial Software, FinTech, Fleet Management, and Payments industries. Coast streamlines fleet and fuel payments for truck drivers, offering an innovative payment integration platform that simplifies fleet management over traditional banking solutions. Headquartered in Geneseo, NY, Coast has grown to around 118 employees by 2024 and continues to make strides as a modern fintech solution provider for fleet operators.
Coast has experienced notable momentum in its funding journey, raising a total of $77 million across four funding rounds. The company's funding strategy demonstrates a commitment to product innovation, platform expansion, and strategic market positioning. Milestones include participation in Y Combinator and attracting investment from premier venture capital firms. Key moments include a Series A for product growth and a recent $40 million Series B to accelerate innovation in fleet and fuel payments. Coast funding and investor support exemplify the company’s ability to attract prominent venture capital and strategic partners as it transforms the fleet payments industry.
The Series B round was led by ICONIQ Growth and raised $40 million. This round is targeted at product innovation, expanding Coast’s fleet and fuel payments platform, launching a new mobile app, and scaling partnership development.
Details regarding the Series B2 round amount remain undisclosed. The funds supported continued expansion and deeper market penetration, allowing Coast to build upon its momentum and improve product offerings for fleet management and payments.
The Series A round brought in $27.5 million and was focused on expanding product development and accelerating company growth across new regions and market verticals.
Coast secured $3.5 million in seed funding from Y Combinator, which provided initial capital for product launch and early-stage development, positioning Coast for successful scaling and future rounds.
Iconiq Capital led Coast’s Series B round and has been instrumental in supporting the company’s market expansion and platform innovation, providing not only capital but also valuable network access and strategic guidance.
Accel participated in Coast funding rounds to help drive product-led growth and offer critical support in scaling operations, leveraging their deep expertise in financial services and SaaS investments.
Insight Partners joined Coast investors to enable operational excellence and international reach, contributing resources and strategic oversight as Coast grows its fintech offerings.
Vesey Ventures is an active investor supporting Coast venture capital initiatives, aiding in GTM strategy, and fostering connections within the fintech ecosystem.
Avid Ventures has played an essential role in Coast investment rounds, providing expert advice on growth and partnerships as Coast disrupts the fleet payment space.
Thomvest brings a wealth of fintech and payments knowledge, helping Coast solidify its competitive position and scale its core solutions in the fleet management market.
Synchrony participated strategically, complementing Coast’s capabilities with insights and potential collaborations from a leading consumer financial services company.
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