Fleet lands $27M Series B to expand open device management with cloud and self-hosting flexibility

Bradley C | Jun 17 2025 - 7:00 am PT

Device management vendor Fleet has raised $27 million in Series B funding to accelerate development of its open device management platform. The round was led by Ten Eleven Ventures and brings Fleet’s total funding to $52.3 million. The company reports 6x revenue growth over the past two years and plans to use the funding to expand adoption across enterprises looking for flexible deployment options.

Fleet’s platform gives organizations the choice between self hosted/managed and using Fleet’s cloud service. Fleet is one of the only device management vendors that allows customers to host the product in their own cloud environment.

Fleet is open source, so we built things to be open from the beginning,” said Fleet’s CEO Mike McNeil. “Hosting is part of that. Fleet has always prioritized folks being able to host wherever they want. Over time, we’ve added enterprise-grade managed hosting, and many organizations prefer that since it’s simpler. But we’ll always let customers choose.

Open device management is Fleet’s term for a model that emphasizes visibility, automation, and extensibility. IT and security teams can use Fleet to audit and manage devices across Apple, Windows, and Linux platforms. Teams at companies like Stripe, Uber, Fastly, Reddit, and Deloitte are already using Fleet.

Fleet helped us avoid being forced to the cloud by our current MDM provider. We were able to migrate everything over to Fleet a few weeks ahead of our renewal, said Scott MacVicar, Head of Developer Infrastructure and Corporate Technology at Stripe

As part of the Series B funding round, Scott Lundgren, Operating Partner at Ten Eleven Ventures and former CTO of Carbon Black, has joined Fleet’s board of directors. Additional investors include CRV, Open Core Ventures, GitLab Cofounder Sid Sijbrandij, Vercel CEO Guillermo Rauch, and others.

Fleet’s partner ecosystem includes CDW, Deel, and more. The company supports technical enablement and go-to-market collaboration with its partners, and says its roadmap is shaped by direct feedback from both users and resellers.