Orrick Advises Fintech Startup AtoB in Series B Financing and Debt Financing

August.18.2022

Congratulations to our client AtoB, the first fintech payments platform to modernize the trucking industry’s broken financial system, on raising $75 million in venture funding in its Series B financing round, and an additional $80 million in debt financing. The Series B financing round values the company at $800 million and was led by Elad Gil and General Catalyst.

AtoB’s payments platform provides a suite of groundbreaking products for the fleet community for the first time, including no-fee fleet cards; instant direct-deposit payroll; and access to bank accounts and savings tools. The funding is a combination of equity to scale its services over the next 12 months, and debt and CAC financing to provide working capital to small fleet businesses.

The Orrick team advising AtoB includes John Bautista, John Harrison, Hector Rodriguez, Qipeng Hu, Vinny Mei, Peter Elias, Daniel Yost, Jose Lamarque and Jeanine McGuinness.