Forte Ventures led a $15m funding in Car IQ.

Forte Ventures, an institutional venture capital firm, led a $15m funding in Car IQ, a payment solutions provider, with participation from State Farm Ventures, TELUS Ventures, Avanta Ventures, Visa, Bridgestone, Navistar, and Circle K. "These funds will allow us to move faster and meet the market demands from fleets in the commercial and OTR trucking spaces. Incorporating vehicle data to the payment transaction is a game-changer: we can determine what the vehicle needs before it buys, validate the purchase after the fact, and make the experience for the driver completely frictionless," Sterling Pratz, Car IQ CEO.