The round was led by Thomvest Ventures and joined by new investors Intuit Ventures, Small World Capital, and Alpha Square Group, with participation from existing investors ICONIQ Growth, Accel, Insight Partners, Better Tomorrow Ventures, Avid Ventures, Vintage Investment Partners, Colle Capital, Synchrony, RXR, and The Fintech Fund.

Coast is the financial platform built for the physical economy, serving businesses in construction, HVAC, plumbing, landscaping, electrical, pest control, solar, transportation, energy, oil and gas, utilities, and more. Starting with America's top-rated fuel card, Coast offers corporate cards, expense management, Bill Pay, and Accounts Payable products designed for how field businesses operate, with vehicle- and driver-level controls, job costing, and accounting integrations.