Pricelock provides online fuel hedging and price-protection services to businesses that rely on fuel. The company aggregates demand to enable small and medium-sized businesses across the United States to access fuel-cost controls previously available only to large buyers. Pricelock operates an online platform where businesses can purchase price protection to manage exposure to rising fuel costs. The company aims to expand access to hedging tools for SMBs nationwide. Pricelock recently strengthened its financial position with a fresh financing round amid volatile oil markets. CEO Robert Fell said the funding is timely given current oil-market volatility.

Total raised

$12M

Funding rounds

1

Latest round

Series B

Latest activity

Mar 2011