Overview
Fleet is a Paris-based IT procurement and device management platform founded in 2019 by Sevan Marian and his co-founder Alexandre, who met at Rocket Internet in 2012. The company offers a device-as-a-service model, allowing businesses to rent computers, phones, and tablets on 24- to 36-month contracts rather than purchasing hardware outright, with full lifecycle management, logistics, and cybersecurity software included. Fleet bootstrapped from launch through early 2026, reaching approximately 30 million euros in annualized revenue before completing its first outside capital transaction, a leveraged buyout in February 2026 at a 100 million dollar valuation. The LBO was structured as a pure secondary, with all proceeds distributed to founders and employees rather than retained on the company balance sheet. The company operates across 20 countries and manages roughly 50,000 devices. As of mid-2026, Fleet reports annualized revenue approaching 40 million dollars, an EBITDA margin of approximately 25 percent, and near-10 million dollars in annual EBITDA. The company employs 50 to 60 people and remains profitable, with a stated five-year valuation target of 300 million to 500 million euros.
Funding
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Valuation
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Revenue
USD estimates from the source recordListed 1 revenue record. Latest revenue: $35M, Oct 2, 2025.
| Revenue date | Amount | Source |
|---|---|---|
| Oct 2, 2025 | $35M | Source ↗ |
Team, products & investors
Sources & provenance
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Original source text
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设备舰队管理与研发运维平台 Fleet is a Paris-based IT procurement and device management platform founded in 2019 by Sevan Marian and his co-founder Alexandre, who met at Rocket Internet in 2012. The company offers a device-as-a-service model, allowing businesses to rent computers, phones, and tablets on 24- to 36-month contracts rather than purchasing hardware outright, with full lifecycle management, logistics, and cybersecurity software included. Fleet bootstrapped from launch through early 2026, reaching approximately 30 million euros in annualized revenue before completing its first outside capital transaction, a leveraged buyout in February 2026 at a 100 million dollar valuation. The LBO was structured as a pure secondary, with all proceeds distributed to founders and employees rather than retained on the company balance sheet. The company operates across 20 countries and manages roughly 50,000 devices. As of mid-2026, Fleet reports annualized revenue approaching 40 million dollars, an EBITDA margin of approximately 25 percent, and near-10 million dollars in annual EBITDA. The company employs 50 to 60 people and remains profitable, with a stated five-year valuation target of 300 million to 500 million euros.