QIC Digital Venture Partners

Sep 23, 2025

Brisbane startup Fleetyr has closed on its first round of external funding, led by 77 Partners , with participation from QIC Ventures Fleetyr confirmed with SmartCompany that after years of bootstrapping to profitability, it has now raised $750,000 in seed funding. The business was founded in 2021 by Tim Hill and Brodie Ruttan, and its fleet and safety analytics platform is now used by customers across five continents. The company says its software tackles a long-standing issue for fleet operators: siloed data scattered across up to different systems, from telematics to HR and fuel cards. Fleetyr integrates and visualises these streams in a single interface, helping operators detect fraud, reduce idle time, and cut costs. “We are proud of how Fleetyr has grown in a short time, and we're looking forward to growing the team,” Hill said. Smarter business news. Straight to your inbox. For startup founders, small businesses and leaders. Build sharper instincts and better strategy by learning from Australia's smartest business minds. Sign up for free. “It is humbling that we have been able to bootstrap the business to begin with, become profitable, and now successfully raise capital. This is certainly something a couple of blokes living in the suburbs of Brisbane didn't expect to come so soon.” Hill added Fleetyr has carved out a unique position by working closely with software and hardware providers, which now provide 90% of the company's leads. According to Fleetyr, the global fleet management software market is forecast to surpass US$50 billion by 2030, driven by rising operating costs, stricter regulations, and the data explosion from connected vehicles. Fleetyr's product aims to ride this wave by simplifying and consolidating data analytics for fleet managers. Nick Capell of QIC Ventures said in light of this, the demand for unified analytics will only grow as more fleet systems come online. “Fleetyr now has a clear path to accelerate growth with larger customer relationships, and so at this inflection point, QIC Ventures is proud to put capital behind the team to unlock a number of short-term opportunities.” The fresh cash injection will go toward expanding Fleetyr's team, accelerating development of features like benchmarking and network mapping, and growing further into its international markets. Stay in the know Never miss a story: sign up to SmartCompany's free daily newsletter and find our best stories on LinkedIn