Top it Off: Investors Pump $56M Series C Funding into Booster

The new funding pushes Booster’s total to $88.5 million, and will be used to unlock new markets and modernize the infrastructure and experience of on-demand fill-ups.

Booster

Same-day fuel delivery service Booster has raised $56 million in Series C funding and added two new investors to its stable of backers.

The round was led by Invus Public Equities LP, with participation from returning investors, including Dallas-based Perot Jain LP, Conversion Capital, Madrona Venture Group, Maveron, and Vulcan Capital.

The company was co-founded in December 2014 by CEO Frank Mycroft, Diego Netto, and Tyler Raugh at AllianceTexas in Fort Worth. It was launched with help from Ross Perot Jr. and Perot Jain remains one of its major investors. Mycroft was recognized by D CEO in the Dallas-Fort Worth CIO/CTO Awards 2017.

Booster, which operates in North Texas and California, also added new strategic investors: Enterprise Holdings, the parent company of Enterprise Rent-A-Car, and Total Energy Ventures International SAS, the investment arm of one of the largest producers of oil, natural gas, and low-carbon electricity, France-based Total SA.

San Mateo, California-based Booster now has raised a total of $88.5 million , including this round, that it said in a release would unlock new markets and modernize the fueling experience and infrastructure.

“We are really proud to have the support and confidence from these top investors as we work to change the way consumers get their fuel,” Booster CEO Frank Mycroft said in a statement.

Established in 2014, Booster calls itself the leading same-day fuel delivery service in the nation. Booster brings the gas station directly to its thousands of customers—at home or at work—in more than 20 cities.

Early last year, Booster made its first foray into the retail sector by making a deal with The Great Mall of the Bay Area in California, allowing shoppers there to use Booster’s service.

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