Bootstrapped Fleet zips €100M valuation in first-ever raise — TFN

French IT fleet administration firm Fleet has welcomed a development investor, ISAI Enlargement, valuing the corporate at €100 million. This marks the primary time Fleet has opened its capital.

Based in 2019, Fleet had grown totally with out exterior funding till now. The brand new transaction permits early liquidity for founders Sevan Marian and Alexandre Berriche, in addition to for workers, whereas protecting management largely impartial.

The funding follows an analogous construction to different latest ISAI development offers and contains long-term help reasonably than a full exit.

Fixing IT complications for rising firms

Fleet was created to repair a typical drawback for small and mid-sized companies: managing computer systems and IT tools as groups develop. As an alternative of forcing firms to purchase units upfront, Fleet supplied a leasing-based mannequin that helped protect money and cut back operational stress.

Over time, the corporate developed right into a full IT operations platform. As we speak, Fleet helps companies with 5 to 500 staff by overlaying {hardware} buying, day by day system administration, and cybersecurity in a single system.

It may possibly ship IT tools to greater than 120 nations, typically inside 48 hours, making it particularly helpful for firms hiring throughout borders.

Constructed with worldwide groups in thoughts

Fleet now operates throughout Europe and america, with energetic deliveries and companies spanning round 20 nations, together with India, components of Asia, and Africa. The corporate has additionally shifted towards a extra structured gross sales method, investing in individuals and processes to help quicker growth. That technique paid off in 2025, when Fleet posted greater than 90% year-on-year development, whereas remaining worthwhile.

In line with Marian, the corporate’s energy lies in execution reasonably than aggressive fundraising. Fleet developed a repeatable growth playbook, enabling it to enter new markets effectively and retain clients because it scales.

At current, Fleet employs 45 individuals throughout Paris and Barcelona and serves near 2,000 clients, together with fast-growing startups and worldwide manufacturers. Many consumers develop their utilization over time, including extra units, software program licenses, and safety companies.