Pricelock, a Redwood City, CA-based company offering online fuel hedging and price protection for businesses across the U.S., has received over $12m in Series B financing.
Investors in the round Barclays, RenaissanceRe Ventures, Ltd., Travelers Insurance and Artiman Ventures.
The company intends to use the funds to upgrade the service and expand its marketing efforts.
Led by CEO and founder Robert Fell, Pricelock offers online fuel hedging and price protection that makes fuel costs predictable for SMEs and large companies in the USA.
FinSMEs
15/04/2011