The company closed a €13 million round (approximately US$14.3 million) on June 23, 2026 . The round was led by Partech Impact, the growth impact fund of Paris-based venture capital firm Partech
. Some sources reference a post-money valuation of roughly $87 million, though this may reflect an estimated or prior figure
. Flease had previously raised €520,000 from business angels in April 2021 and completed €2.5 million in debt
.
Flease provides a telematics-driven fleet management platform bundled with reconditioned vehicles . Key features include:
The company claims its customers save an average of 20% on their total cost of ownership compared to traditional long-term rental .
The €13 million round is earmarked for accelerated commercial deployment across France . The company plans to scale its enterprise customer base within France, targeting corporate fleet buyers, and expand its SaaS platform reach
. It also intends to invest in technology and team growth to deepen its telematics and fleet management capabilities
. No current reporting points to immediate plans for international expansion; the focus is on strengthening Flease's position as a challenger to traditional LLD players in the French corporate fleet market first
.