The consortium backing Pricelock's $12m B round includes banks Goldman Sachs and Barclays, insurers RenaissanceRe's corporate venturing unit RenaissanceRe Ventures and Travelers Insurance, and venture capital firm Artiman Ventures.

Pricelock, a US-based provider of online fuel hedging, has raised more than $12m in its series B round from a host of financial services providers.

The consortium included banks Goldman Sachs and Barclays, insurers RenaissanceRe’s corporate venturing unit RenaissanceRe Ventures and Travelers Insurance, and venture capital firm Artiman Ventures.

In 2008, Pricelock raised $40m in Goldman Sachs-backed series A round with car maker Chrysler as a national launch partner.

Robert Fell, chief executive and founder of Pricelock, said: "We…