Shea Ventures, the corporate venturing arm of property developer JF Shea, led a $9.65m series A round for on-demand fuel provider Filld yesterday.
PivotNorth Capital, Javelin Venture Partners, Lightspeed Venture Partners, Lucas Venture Group and Cendana Capital also participated in the round, which valued Filld at $23m according to Pitchbook.
Filld has built a mobile platform that enables users to schedule deliveries of petrol to residential or commercial locations 24 hours a day.
The company can refuel vehicles without a customer being present, and aims to keep costs down by using local petrol stations and adds a small delivery fee to each order.
Shea Ventures managing partner Jason Schoettler said: “With individual consumers looking for affordable convenience, commercial fleets looking for cost effective solutions and automotive behemoths looking to add automatic refuelling to their connected cars – there is exponential potential.
“Filld’s focus on delivering an exceptional end-to-end customer experience is what sets them apart. We are thrilled to be supporting them as they scale their business to the next level.”
Lightspeed Venture Partners and Javelin Venture Partners provided Filld with $3.25m in seed funding in late 2015. Filld will use the funding to grow a partner network that already includes Bentley Motors, Volvo, Enterprise Rent-A-Car and the Daimler-owned Car2go.