Tourmo, a leading provider of AI-powered Fleet Operations intelligence solutions, has secured a significant growth funding package from Decathlon Capital Partners. The growth-debt investment will fuel Tourmo’s continued platform development, expansion of client service capabilities, and efforts to support new customer onboarding. Details of the revenue-based investments were not disclosed.
Based in San Diego, Tourmo’s cutting-edge platform leverages artificial intelligence to transform fleet operations, optimize workflows, and enhance decision-making across industries. By delivering actionable insights in real time, Tourmo enables organizations to improve efficiency, reduce costs, and achieve better outcomes for their customers and teams.
Marc Brungger, Chief Executive Officer of Tourmo, said Tourmo answers the industry’s challenge of having so much unused data by correlating and pulling actionable insights from it. “At Tourmo, we are dedicated to helping enterprise organizations harness the power of AI to transform their operations and unlock new efficiencies,” Brungger said. “This investment will allow us to continue innovating our platform and supporting our growing base of clients as they implement smarter, data-driven solutions.”
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Dr. Lukas Kuhn, Chief Technology Officer and Founder of Tourmo, said the revenue-based funding approach from Decathlon Capital Partners offers Tourmo a highly flexible way to finance its growth without compromising its independence. “This investment allows us to continue expanding and innovating without exchanging equity or giving up control,” Dr. Kuhn said. “Instead, we’re able to repay Decathlon with our future revenues, ensuring a sustainable and strategic path forward.”
John Borchers, Managing Director of Decathlon Capital Partners, said Decathlon is excited to see where this partnership leads them. “Tourmo is at the forefront of fleet operational intelligence, providing organizations with powerful tools to address complex challenges and improve their performance,” Borchers said. “We’re thrilled to support Tourmo’s growth as they expand their capabilities and reach new customers with their transformative technology.”
Source: PRNewswire
