What is Mudflap?
Mudflap operates within the fintech sector, specifically targeting the trucking industry by offering substantial savings on diesel fuel. Through its user-friendly application and dedicated fuel card, the company provides instant discounts and valuable fleet management tools. Mudflap has established a robust network, partnering with over 2,800 truck stops across the nation, supporting both independent operators and regional chains. The platform is recognized for its ease of use and responsive customer support, making it a recommended service within the trucking community.
How much funding has Mudflap raised?
Mudflap has raised a total of $50M across 1 funding round:
Series B
$50M
Series B (2022): $50M with participation from Commerce Ventures, 9Yards Capital, and QED Investors
Key Investors in Mudflap
Commerce Ventures
Commerce Ventures is an investment firm that partners with entrepreneurs from diverse backgrounds to build the infrastructure for future industries in retail and financial services. They focus on sectors such as retail tech, payment tech, insurance tech, and banking tech, providing support to companies in their portfolio.
9Yards Capital
9Yards Capital is a growth stage technology investment firm focused on critical infrastructure for foundational industries. They support visionary teams aimed at transforming the way the world trades, transacts, and interacts.
QED Investors
QED Investors is a global leading boutique venture capital firm based in Alexandria, VA. Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is focused on investing in early stage, disruptive financial services companies.
What's next for Mudflap?
The recent major strategic investment signals Mudflap's readiness for accelerated scaling and market expansion. With a substantial enterprise-level funding context, the company is poised to enhance its service offerings, potentially broadening its reach to more truck stops and refining its fleet management solutions. Future developments are likely to focus on leveraging this capital to solidify its competitive advantage in the trucking fintech space, further optimizing fuel cost savings and operational efficiencies for its user base.
See full Mudflap company page
