Venture Funding

Fleetsmith Secures $30 Million

SAN FRANCISCO — Fleetsmith, which lets companies easily manage their Apple devices, announced $30 million in Series B funding led by Menlo Ventures with participation from Tiger Global Management, Upfront Ventures, and Harrison Metal.

Naomi Pilosof Ionita, partner at Menlo Ventures and former product and growth lead at Evernote, is joining Fleetsmith’s Board of Directors. Matt Murphy, also a partner at Menlo Ventures, is joining as a board observer.

With its funding now totaling over $40 million, Fleetsmith will use this newest capital infusion to further develop its device management platform, grow its presence internationally, and hire new team members across a variety of functions.

“We were immediately impressed by Fleetsmith’s customer and product-centric mentality,” said Naomi Pilosof Ionita, partner at Menlo Ventures. “They are solving real pain points around device management and their product empowers IT, management, and security teams. Customers recognize the value of Fleetsmith in minutes—not weeks or months. It’s the way a modern product built for IT should work.”

Since announcing its Series A funding last April, Fleetsmith launched the general availability of its flagship product, a device monitoring product called Fleetsmith Intelligence, support for businesses using Office 365 and iOS and tvOS devices, new Dashboard and Audit Log product features, and a reseller program called the Fleetsmith Partner Program.

“This latest round of funding demonstrates continued confidence in our strategy, which has helped companies automate device management and put security first,” said Zack Blum, CEO and co-founder of Fleetsmith. “Over the past year, we have built an incredible team and shipped tons of new customer-requested features. Now, we look forward to growing the company so we can bring modern device management to even more organizations around the world.”

To support its rapid expansion, Fleetsmith said it will use its new funding to more than triple its employee count from about 30 currently and expand operations in Europe.