Rynse management software secures $5M in funding

Rynse, a fleet management software for government and enterprise organizations, has secured $5 million in seed funding to fuel its strategic expansion and support key initiatives such as product development, marketing efforts, and operational scaling.

Created to provide a solution for fleets grappling with operational efficiency and profitability challenges such as fraud, overspending, and vehicle maintenance, the software connects fleet management with payment systems and a network of vendors to help streamline procurement, save time, and reduce fraud, the company said.

The company's funding is led by Autotech Ventures, with participation from returning investors Founder Collective and Correlation Ventures, plus new investor Connexa Capital. 

Rynse, which began serving fleets exclusively in 2024, has secured contracts with government agencies across 10 states, including Anne Arundel County in Utah, Baltimore County in Maryland, Broward County in Florida, and the cities of Cincinnati, Pittsburgh, Pasadena, and Sacramento. In 2025, the company plans to expand into the private sector.

“Fleet operators and drivers want flexibility in terms of how they maintain their vehicles, but traditional contracting makes that difficult to achieve,” said Ivy Nguyen, principal at Autotech Ventures. “We believe Rynse is a game-changer for the industry because of its potential to deliver immediate value by helping fleets operate more efficiently and with greater transparency.”

The software

Rynse set out to deliver solutions based on what the company heard from fleet managers, with streamlining administrative processes and availability of vendors prioritized.

“When we spoke with fleet operators, they highlighted major pain points with vendor procurement alongside excess time spent on administrative tasks,” said Roland Lau, CEO and co-founder of Rynse. “We set out to create a platform to reduce the administrative burden, offering unprecedented transparency into vehicle service to improve planning, security and compliance. On average, fleets using Rynse have reduced administrative time by an average of 20 hours a month.”

Rynse's software and fleet-related services payment card gives fleet managers and billing administrators more control and vendor and service options. Flexible spending controls and access to a nationwide network of car washes, PM providers, and fueling/charging locations removes the constraints of relying on single vendors.

In addition to the card, advanced fleet management software automatically processes, digitizes, and consolidates every transaction to eliminate the need for manual entry or reliance on integrations with expense management platforms. Fleets are able to see unified, timely invoices for all vendors, with transaction data seamlessly synced with Rynse’s system and formatted for easy uploading into an existing fleet management system.

Rynse also secured the highly competitive Sourcewell supplier award. This strategic cooperative purchasing program streamlines government procurement for state, local, and educational agencies, allowing the software provider to bypass traditional processes.

“Becoming a Sourcewell supplier has made Rynse an attractive partner for government fleets and has positioned the company for accelerated public sector growth. As an approved supplier, we can simplify the procurement process by addressing complex regulatory requirements, cutting lead times from months for local governments and years for state entities,” added Lau.

In practice

The State of Utah faced challenges in establishing a car wash vendor network for its internal departments due to limited procurement resources and lengthy bidding processes. With an estimated 18-month timeline to find a solution, the state turned to Rynse. Within months, Utah gained access to an expanded car wash network and consolidated billing.

“As a Sourcewell recipient, Rynse solved a problem for us, quickly unlocking a broad network of trusted service providers across multiple locations throughout the state, saving our drivers time. This streamlined our entire procurement process, allowing us to service our fleet through one centralized system, reducing costs and saving significant administrative time,” said Cory Weeks, director of fleet operations for the State of Utah.