Sumitomo Corporation of Americas and Ingka Investments helped the on-demand commercial vehicle provider close its series A round.

Fluid Truck, the US-based operator of a truck-sharing service for businesses, completed a $63m series A round on Tuesday featuring investment vehicles for furniture retailer Ingka Group and diversified conglomerate Sumitomo.

Sumitomo Corporation of Americas and Ingka Investments, a subsidiary of Ikea franchisee Ingka Group, joined private equity firm Bison Capital, which led the round, and a vehicle called Fluid Vehicle Owners.

Founded in 2016, Fluid Truck has built an online platform that allows businesses to book commercial vehicles such…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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