Deal Type: Growth financing
Exit: Sale to strategic buyer
In 2003, after observing the progress of a startup venture for a couple of years, we became investors in FuelQuest as it entered its growth phase. FuelQuest’s software solutions provide efficiency in bulk fuel management and collateral products. The company was able to grow steadily during our investment period, acquiring large retail, transportation and public sector customers before its sale to a strategic buyer in 2008.