How Neofleet Raised $3M+ Seed in 5 Months From 5 Investors

The company

• Taxi fleet investment platform, incorporated in Cyprus

• Focused on emerging markets — LatAm, Africa, Asia

• Raised $3M+ in 5 months from 5 investors

Founders

• Oleg Mosyazh — former Microsoft and PwC executive, investment banking background

• Igor Shiyanov — ex-BCG, previously exited Master Delivery to inDrive

Pipeline and channel

• Sourced entirely through founders’ network — 1st, 2nd and 3rd degree connections

• Reached investors — 100+

• First meetings — 50 (50%)

• Second+ meetings — 20 (20%)

• Term sheets signed — 5 (5%)

• Target investor profile — ultra-high-net-worth individuals, $30M+ AUM

Timeline and runway

• Fundraising start — November 2025

• Term sheets received — April 2026 (5 months)

• Runway at start — unlimited, founders had savings

• Business model — no burn, costs covered from revenue, profitable from day one

Pitch deck and data room

• Data room — P&L, one-pager, full deck (10+ slides), simplified deck (8 slides)

• Simplified 8-slide deck worked best

Most common rejections

• Geography — Africa and LatAm; investors prefer US/Europe

• Not an AI startup — traditional business model and product

Metrics at close

• Revenue at close — $10k monthly

• Valuation — $10M post-money SAFE

• Median check size — $500k across 5 investors

Lessons learned

• Top tip — build your personal network and actively leverage it for fundraising

• Biggest mistake to avoid — being afraid of getting a “No”