Fleet's €100M Valuation: How Bootstrapped Growth Paved the Way for Institutional Investment
By TechGuru • 2026-02-02T11:01:21.327638
In a significant milestone for the European B2B software landscape, Fleet, a Paris-based IT scale-up, has entered its first LBO at a valuation of €100 million. This move marks the company's first external capital transaction after seven years of bootstrapped growth. Founded in 2019 by Alexandre Berriche and Sevan Marian, Fleet has simplified IT management for SMEs through an all-in-one offering that combines equipment catalog, fleet management platform, premium customer support, and end-of-life device management.
The company's decision to open its capital to external investors for the first time provides liquidity to the founders and employees while preserving a majority-independent shareholding structure. This strategic move is expected to support Fleet's international expansion and product development. With a growth rate of over 90% in 2025, while maintaining a profitable model and a lean organization, Fleet has demonstrated its commercial efficiency and strength in the market.
Fleet's entry into the LBO at a €100 million valuation is notable for its scale and for following seven years of fully bootstrapped growth. The company's ability to attract institutional capital will enable it to further expand its positioning built around IT procurement, day-to-day IT fleet management, and cybersecurity. As the European funding landscape for B2B software continues to evolve, Fleet's success story serves as a testament to the potential of bootstrapped growth and the importance of strategic investment.
The implications of this development extend beyond Fleet's own growth trajectory. For everyday users, this could mean enhanced IT management capabilities and improved cybersecurity protection. From an industry perspective, Fleet's success demonstrates the potential for B2B scale-ups to attract institutional capital and support international expansion. As the company continues to grow and develop its offerings, it is likely to have a significant impact on the European B2B software landscape.
In comparison to other notable rounds in the European funding landscape, Fleet's €100 million valuation stands out. Belgian transport management software provider Qargo raised €28 million in a Series B, while Spain-based cybersecurity startup Zepo Intelligence secured €12.8 million. These investments represent a significant flow of capital into enterprise software, security, and operational management platforms. Fleet's entry into the LBO market is a significant development in this context, highlighting the company's potential for further growth and expansion.
The partnership with ISAI Expansion is expected to bring significant benefits to Fleet. Christophe Poupinel, General Partner at ISAI Expansion, commented on the investment, highlighting the company's commercial efficiency, growth trajectory, and ability to expand internationally. With the support of ISAI Expansion, Fleet is well-positioned to continue its growth trajectory and make a significant impact on the European B2B software landscape.
In conclusion, Fleet's €100 million valuation is a significant milestone for the company and the European B2B software landscape. The company's bootstrapped growth and strategic investment have paved the way for institutional investment, and its potential for further expansion and development is significant. As the company continues to grow and evolve, it is likely to have a lasting impact on the industry and the market.
The future of Fleet looks promising, with the company poised to continue its growth trajectory and expand its offerings. With the support of ISAI Expansion, Fleet is well-positioned to navigate the evolving European funding landscape and make a significant impact on the B2B software market. As the company looks to the future, it is clear that its success will be closely watched by industry observers and investors alike.
For investors, Fleet's success story serves as a testament to the potential of bootstrapped growth and the importance of strategic investment. The company's ability to attract institutional capital and support international expansion demonstrates the potential for B2B scale-ups to achieve significant growth and success. As the European funding landscape continues to evolve, Fleet's story is likely to be seen as a model for other companies looking to achieve similar success.
In the broader context of the European B2B software landscape, Fleet's success is significant. The company's ability to simplify IT management for SMEs and provide enhanced cybersecurity protection has made it a leader in the market. As the industry continues to evolve, it is likely that Fleet will play a significant role in shaping the future of B2B software and cybersecurity.
The partnership between Fleet and ISAI Expansion is a significant development in the European funding landscape. The investment is expected to bring significant benefits to Fleet, enabling the company to continue its growth trajectory and expand its offerings. As the company looks to the future, it is clear that the partnership with ISAI Expansion will be a key factor in its success.
In conclusion, Fleet's €100 million valuation is a significant milestone for the company and the European B2B software landscape. The company's bootstrapped growth and strategic investment have paved the way for institutional investment, and its potential for further expansion and development is significant. As the company continues to grow and evolve, it is likely to have a lasting impact on the industry and the market.
The company's decision to open its capital to external investors for the first time provides liquidity to the founders and employees while preserving a majority-independent shareholding structure. This strategic move is expected to support Fleet's international expansion and product development. With a growth rate of over 90% in 2025, while maintaining a profitable model and a lean organization, Fleet has demonstrated its commercial efficiency and strength in the market.
Fleet's entry into the LBO at a €100 million valuation is notable for its scale and for following seven years of fully bootstrapped growth. The company's ability to attract institutional capital will enable it to further expand its positioning built around IT procurement, day-to-day IT fleet management, and cybersecurity. As the European funding landscape for B2B software continues to evolve, Fleet's success story serves as a testament to the potential of bootstrapped growth and the importance of strategic investment.
The implications of this development extend beyond Fleet's own growth trajectory. For everyday users, this could mean enhanced IT management capabilities and improved cybersecurity protection. From an industry perspective, Fleet's success demonstrates the potential for B2B scale-ups to attract institutional capital and support international expansion. As the company continues to grow and develop its offerings, it is likely to have a significant impact on the European B2B software landscape.
In comparison to other notable rounds in the European funding landscape, Fleet's €100 million valuation stands out. Belgian transport management software provider Qargo raised €28 million in a Series B, while Spain-based cybersecurity startup Zepo Intelligence secured €12.8 million. These investments represent a significant flow of capital into enterprise software, security, and operational management platforms. Fleet's entry into the LBO market is a significant development in this context, highlighting the company's potential for further growth and expansion.
The partnership with ISAI Expansion is expected to bring significant benefits to Fleet. Christophe Poupinel, General Partner at ISAI Expansion, commented on the investment, highlighting the company's commercial efficiency, growth trajectory, and ability to expand internationally. With the support of ISAI Expansion, Fleet is well-positioned to continue its growth trajectory and make a significant impact on the European B2B software landscape.
In conclusion, Fleet's €100 million valuation is a significant milestone for the company and the European B2B software landscape. The company's bootstrapped growth and strategic investment have paved the way for institutional investment, and its potential for further expansion and development is significant. As the company continues to grow and evolve, it is likely to have a lasting impact on the industry and the market.
The future of Fleet looks promising, with the company poised to continue its growth trajectory and expand its offerings. With the support of ISAI Expansion, Fleet is well-positioned to navigate the evolving European funding landscape and make a significant impact on the B2B software market. As the company looks to the future, it is clear that its success will be closely watched by industry observers and investors alike.
For investors, Fleet's success story serves as a testament to the potential of bootstrapped growth and the importance of strategic investment. The company's ability to attract institutional capital and support international expansion demonstrates the potential for B2B scale-ups to achieve significant growth and success. As the European funding landscape continues to evolve, Fleet's story is likely to be seen as a model for other companies looking to achieve similar success.
In the broader context of the European B2B software landscape, Fleet's success is significant. The company's ability to simplify IT management for SMEs and provide enhanced cybersecurity protection has made it a leader in the market. As the industry continues to evolve, it is likely that Fleet will play a significant role in shaping the future of B2B software and cybersecurity.
The partnership between Fleet and ISAI Expansion is a significant development in the European funding landscape. The investment is expected to bring significant benefits to Fleet, enabling the company to continue its growth trajectory and expand its offerings. As the company looks to the future, it is clear that the partnership with ISAI Expansion will be a key factor in its success.
In conclusion, Fleet's €100 million valuation is a significant milestone for the company and the European B2B software landscape. The company's bootstrapped growth and strategic investment have paved the way for institutional investment, and its potential for further expansion and development is significant. As the company continues to grow and evolve, it is likely to have a lasting impact on the industry and the market.