About AlgoDriven
AlgoDriven is a company based in Brisbane (Australia) founded in 2008.. AlgoDriven has raised $2.78 million across 3 funding rounds from investors including Social Capital, Global Ventures and Automotive Ventures. AlgoDriven offers products and services including EvalExpert, DriveExpert, InspectExpert, AlgoDriven Insights, and Vehicle Spec Data. AlgoDriven operates in a competitive market with competitors including Otonomo, AutoAlert, TecAlliance, Privacy4Cars and Data Enlighten, among others.
- Headquarter Brisbane, Australia
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Sectors
Transportation, Automotive & LogisticsTechnology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.78 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Series A
Oct 07, 2021
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Investors
Social Capital
& 8 more
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Employee Count
Employee Count
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Products & Services of AlgoDriven
AlgoDriven offers a comprehensive portfolio of products and services, including EvalExpert, DriveExpert, InspectExpert, AlgoDriven Insights, and Vehicle Spec Data. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates vehicle appraisals with data-driven analysis for dealerships.
Manages test drives and provides sales analytics for conversions.
Identifies and reports vehicle damage for accurate stocking.
Offers vehicle value forecasts and market analysis tools.
Provides comprehensive vehicle specifications for decision-making.
Delivers accurate used car pricing data via VIN analysis.
Predicts vehicle future values using market insights.
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Funding Insights of AlgoDriven
AlgoDriven has successfully raised a total of $2.78M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $2.0M
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First Round
First Round
(18 Apr 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series A - AlgoDriven | Valuation | Global Ventures | |
| Jul, 2019 | Amount | Seed - AlgoDriven | Valuation | Oman Tech Fund , Dtec |
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| Apr, 2019 | Amount | Seed - AlgoDriven | Valuation | 500 Global |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AlgoDriven
AlgoDriven has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Social Capital, Global Ventures and Automotive Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward growth-stage tech firms in emerging markets.
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Founded Year | Domain | Location | |
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Investments are directed by Automotive Ventures toward automotive sector companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AlgoDriven
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AlgoDriven
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algodriven Comparisons
Competitors of AlgoDriven
AlgoDriven operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Otonomo, AutoAlert, TecAlliance, Privacy4Cars and Data Enlighten, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering a data marketplace for the automotive sector
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| domain | founded_year | HQ Location |
Automotive data mining and trade-cycle management are provided for dealerships.
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| domain | founded_year | HQ Location |
TecAlliance is recognized as a global leader in providing spare parts data and business solutions for the automotive aftermarket.
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| domain | founded_year | HQ Location |
Personal data from vehicles is deleted securely and traceably.
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| domain | founded_year | HQ Location |
AI-driven solutions for automotive aftermarket data are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algodriven
Frequently Asked Questions about AlgoDriven
When was AlgoDriven founded?
AlgoDriven was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Where is AlgoDriven located?
AlgoDriven is headquartered in Brisbane, Australia. It is registered at Brisbane, Queensland, Australia.
Is AlgoDriven a funded company?
AlgoDriven is a funded company, having raised a total of $2.78M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Apr 18, 2019.
What does AlgoDriven do?
AlgoDriven was founded in 2008 in Brisbane, Australia, as a provider of SaaS-based data management for the automotive sector. Tools and technology are supplied to support vehicle identification, data-driven appraisals, and used car price predictions. Services are utilized by car dealerships, finance companies, insurance organizations, and automotive classifieds to facilitate vehicle valuation and commerce operations.
Who are the top competitors of AlgoDriven?
AlgoDriven's top competitors include Otonomo, AutoAlert and Privacy4Cars.
What products or services does AlgoDriven offer?
AlgoDriven offers EvalExpert, DriveExpert, InspectExpert, AlgoDriven Insights, and 3 more products and services.
Who are AlgoDriven's investors?
AlgoDriven has 9 investors. Key investors include Social Capital, Global Ventures, Automotive Ventures, Spartech Ventures, and Oman Tech Fund.
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