RTA Secures Series A Funding Led by SGE to Accelerate Innovation and Scale Leadership in Fleet Management Software
RTA: The Fleet Success Company, a trusted leader in fleet maintenance and management software, today announced the successful closing of its Series A funding round. The round was led by Susquehanna Growth Equity (SGE), a growth-focused private equity firm known for backing high-impact software companies. This infusion of capital marks a significant milestone in RTA’s journey, empowering the company to rapidly scale operations, accelerate innovation, and expand its leadership footprint across the fleet management landscape.
The funding round also included participation from PHX Ventures, further underscoring investor confidence in RTA’s long-term vision, strategic execution, and strong customer-centric foundation.
A Mission-Driven Investment in Fleet Success
For RTA, this Series A raise is more than just financial fuel it is a resounding endorsement of the company’s mission, product value, and vision for the future of fleet operations. CEO Josh Turley emphasized the deeper purpose behind the investment:
“This funding is fuel for our mission, not just our growth,” Turley said. “It’s validation that our vision resonates, our market matters, and our team is executing at a level worth investing in. Now, we double down on our people, our clients, and the purpose that got us here: to help fleets succeed.”
Founded with the goal of transforming how fleets operate, RTA delivers an industry-leading fleet management information system (FMIS), Fleet360. The software is designed to empower fleet teams with deeper operational insight, improved efficiency, lower risk, and a culture-first approach that helps attract and retain top talent. From public works departments and transit authorities to school districts and municipalities, thousands of organizations across the United States rely on RTA to power critical aspects of their day-to-day fleet operations.
Strategic Focus Areas for Growth
With the new capital in hand, RTA plans to significantly ramp up its capabilities across key strategic areas to ensure scalable, sustainable growth:
- Team Expansion and Talent Development: RTA will grow its product and engineering teams to increase development velocity and bring new features to market faster. The company also plans to invest in people-first leadership, culture building, and training to ensure long-term team cohesion and excellence.
- Product Innovation and Technology Advancement: The Fleet360 platform will continue to evolve with enhanced capabilities designed to simplify fleet management, improve automation, and deliver more powerful insights. A strong focus will be placed on UI/UX enhancements, real-time analytics, mobile access, and system integrations to make the platform even more valuable to end-users.
- Client Success and Market Expansion: RTA is expanding its customer success team to better support its growing client base. In parallel, the company is investing in go-to-market initiatives—including marketing, sales enablement, and partnerships—to deepen its reach within existing verticals and explore new opportunities in adjacent markets.
- Uncompromising Customer Experience: Known for its five-star support, RTA is doubling down on its legacy of legendary customer service. The company is committed to delivering personalized, high-touch engagement throughout the client lifecycle, from onboarding and training to technical support and strategic consulting.
Why SGE Chose RTA
SGE, a respected name in growth equity investing, saw in RTA a rare combination of market opportunity, product maturity, and mission-driven leadership. The firm, which has a track record of scaling B2B software companies into industry leaders, chose to lead the round as a minority investor while aligning closely with RTA’s long-term strategy and values.
“RTA represents everything we look for in a high-impact investment: a proven solution for a critical segment of our economy, and a leadership team that understands how to build both culture and category,” said Aaron Flack, Partner at Susquehanna Growth Equity. “We’re thrilled to support RTA as they scale their impact across the fleet management industry.”
For SGE, the investment is a strategic move to back a company positioned at the intersection of infrastructure, logistics, and technology three sectors where transformation is accelerating and demand for innovative solutions is growing rapidly.
A Culture-First Approach to Building a Category Leader
RTA’s commitment to culture is at the core of its identity as “The Fleet Success Company.” The organization believes that real, sustained success in fleet operations requires more than just technology it requires a culture that prioritizes people, collaboration, and continuous improvement.
This perspective is reflected in the company’s approach to client relationships, employee engagement, and even software design. Whether it’s through educational initiatives, community events, or leadership development, RTA is investing in the holistic success of its clients and its team.
About RTA: The Fleet Success Company
With over 45 years of industry experience, RTA: The Fleet Success Company delivers a modern fleet management information system (FMIS) and legendary fleet consulting services. RTA’s software is built by fleet professionals, for fleet professionals that manage most of their maintenance in-house. From budgeting and performance reporting to streamlining technician and inventory workflows, RTA gives fleet teams the tools and resources they need to run high-performing, cost-efficient organizations. The combination of easy-to-use software, practical consulting, and the industry’s best customer service helps public sector and enterprise fleets make better decisions and operate at their best.