Fleet, a French scale-up specializing in comprehensive IT team management and cybersecurity for SMEs, has announced the entry of ISAI Expansion into its capital through its ISAI Expansion III fund in a transaction valuing the company at €100 million. This strategic move marks a significant milestone in the company’s journey, which until now had grown exclusively through organic growth and self-financing.
After seven years of operation, Fleet is opening its capital to external investors for the first time via a primary LBO. This deal provides liquidity for its two founders, Sevan Marian and Alexandre Berriche, as well as for employees, while maintaining an independent shareholder structure and control of the project.
Founded in April 2019, Fleet started with a focus on flexible financing for IT equipment through leasing—a solution enabling SMEs to spread their IT investments over time. Over the years, the company has expanded its offerings and positioning, now serving businesses with 5 to 500 employees, many of them with international activities.
Its current offering is built around three main pillars: IT equipment purchases, capable of delivering in over 120 countries within 48 hours; daily management of the IT fleet; and cybersecurity. An integrated model that addresses the needs of growing SMEs with distributed structures.
Today, Fleet has a team of 45 employees based in Paris and Barcelona, serving nearly 2,000 clients, and operating in about ten European countries, as well as the United States. Its clients include companies like digital consulting firm Prophero, fintech Thunes, and flexible housing startup Ukio. In 2025, the company experienced over 90% growth, maintaining profitability and an agile operational structure—a rare achievement for self-funded businesses.
The entry of ISAI Expansion marks a new phase for the company, focused on strengthening the organization, accelerating growth—particularly internationally—and expanding its product portfolio, without compromising the principles that have driven its success: operational excellence, commercial efficiency, and financial discipline. To support this, Fleet will benefit from the backing of a fund specialized in partnering with profitable companies in growth and consolidation phases.
Organizationally, Alexandre Berriche will assume the role of Chairman of the Board, while Sevan Marian continues as CEO. “We built the company through bootstrapping, and we are very proud of the journey so far,” Marian states, highlighting that ISAI Expansion’s involvement represents “an important step to continue growing with a partner who shares our vision, without losing control of the capital.”
Looking ahead, Fleet aims to reach €100 million in annual revenue within the next four years. To achieve this, the company plans to accelerate growth in its core markets, expand to larger clients, and develop high value-added services. As part of this strategy, the company intends to hire over 20 people this year and continue investing in its technological platform to simplify IT management for SMEs with international presence.