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Modern Point of Sale for Gas Stations and Truck Stops
Gas Pos has raised $4.0M across 2 funding rounds.
Key people at Gas Pos.
Gas Pos was founded in 2015 by Nannette Smith (Founder) and Joshua Smith (Founder).
Gas Pos has raised $4.0M in total across 2 funding rounds.
We have taken an incredibly monopolized, overpriced, asset-heavy industry and flipped it on its head by providing a better, modern, affordable alternative with more functionality on a SaaS model.
Key people at Gas Pos.
Gas Pos was founded in 2015 by Nannette Smith (Founder) and Joshua Smith (Founder).
Gas Pos has raised $4.0M in total across 2 funding rounds.
Gas Pos's investors include In-Q-Tel, NFX, OurCrowd, Refinery Ventures, Seraphim Space, State of Mind Ventures, Afore Capital, Battery Ventures, Founders Fund, Kleiner Perkins, KRM Interests LLC, LGF.
Gas Pos is a modern point-of-sale (POS) system specifically designed for gas stations and truck stops, offering a SaaS-based, affordable, and feature-rich alternative to the traditionally monopolized and expensive fuel retail POS market[1]. The company builds advanced fuel POS technology that serves gas station owners and operators, solving critical problems such as outdated infrastructure, EMV compliance, security vulnerabilities, and operational inefficiencies[1][5]. Gas Pos’s solution enhances payment processing, supports mobile ordering with in-store pickup, and reduces maintenance issues through an Android-based, self-updating platform[5]. The company has demonstrated growth momentum by relocating to Arkansas to tap into local talent and securing significant investments, including $1 million from Merus Capital, signaling strong market validation and expansion potential[4].
Founded in 2015 by Joshua Smith and Nannette Smith, Gas Pos originated from Joshua’s background in the payments industry and Nannette’s extensive experience as a software engineer with military-grade system development[1][2]. The idea emerged to address the looming challenges gas station owners faced with the mandated switch to EMV chip card readers and the need for modern, secure, and cost-effective POS solutions[4][5]. Early traction included participation in prestigious accelerator programs like Y Combinator (Winter 2020 batch) and 500 Startups, which provided capital, mentorship, and market access[1][5]. The company’s move from Alabama to Arkansas was strategic, leveraging local government support and a growing tech ecosystem to scale its engineering and support teams[4].
Gas Pos rides the trend of digital transformation in traditionally asset-heavy and monopolized industries like fuel retail, where legacy systems have long dominated. The timing is critical due to regulatory shifts such as EMV compliance deadlines and increasing consumer demand for seamless, secure payment experiences[4][5]. Market forces favor solutions that reduce operational costs, improve security, and enhance customer convenience. By modernizing fuel POS systems, Gas Pos influences the broader ecosystem by enabling smaller gas station owners to compete more effectively and by pushing the industry toward cloud-based, software-driven models[1][5].
Looking ahead, Gas Pos is positioned to expand its engineering team and deepen its product capabilities, potentially incorporating more advanced analytics, loyalty programs, and integrations with emerging payment technologies. Trends such as increased mobile ordering, contactless payments, and IoT-enabled fuel management will shape its evolution. As the fuel retail sector continues to digitize, Gas Pos’s influence is likely to grow, driving further disruption in a market ripe for modernization. Its strategic location in Arkansas and strong investor backing provide a solid foundation for scaling and innovation, making it a key player to watch in the fuel POS space[4][5].
Gas Pos has raised $4.0M across 2 funding rounds. Most recently, it raised $3.0M Seed in December 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2019 | $3.0M Seed | In-Q-Tel, NFX, OurCrowd, Refinery Ventures, Seraphim Space, State of Mind Ventures | |
| Nov 1, 2018 | $1.0M Seed | Afore Capital, Battery Ventures, Founders Fund, Kleiner Perkins, KRM Interests LLC, LGF, Merus Capital, Precursor Ventures, Y Combinator, Frederic Kerrest, Jared Leto, Marc McCabe, Zachary Hargreaves |