Driftline

Reykjavik, Iceland Founded: 2018 • Age: 8 yrs
Wearable activity trackers for runners are provided independently.
Request Access

About Driftline

Driftline is a company based in Reykjavik (Iceland) founded in 2018 by Arnar Petursson, Steinar Sindri Agnarsson, and Agnar Steinarsson.. Driftline has raised $350 thousand across 2 funding rounds. Driftline offers products and services including TrueZone app, The time machine, and Metabolic tracker. Driftline operates in a competitive market with competitors including Strava, STEPN, Runkeeper, Run Tour and Runmeter, among others.

  • Headquarter Reykjavik, Iceland
  • Founders Arnar Petursson, Steinar Sindri Agnarsson, Agnar Steinarsson
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Healthcare → Health Technology & Digital Health → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $350 K (USD)

    in 2 rounds

  • Latest Funding Round
    $350 K (USD), Seed

    Dec 20, 2022

  • Investors
  • Employee Count
    Employee Count
Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Products & Services of Driftline

Driftline offers a comprehensive portfolio of products and services, including TrueZone app, The time machine, and Metabolic tracker. 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.

Primary

Provides heart rate analytics for workout optimization and endurance metrics.

Offers race time predictions and endurance tracking tools.

Monitors resting metabolic rate and calorie expenditure data.

Funding Insights of Driftline

Driftline has successfully raised a total of $350K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $350 thousand completed in December 2022. 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 Rounds 2
  • Last Round Seed — $350,000
  • First Round

    (20 Dec 2022)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Dec, 2022 Amount Grant - Driftline Valuation

investors
Dec, 2022 Amount Seed - Driftline Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investments & Acquisitions by Driftline

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Driftline

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Driftline Comparisons

Employees
+
Add Comparison
Available on Premium

Competitors of Driftline

Driftline 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 Strava, STEPN, Runkeeper, Run Tour and Runmeter, 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
Strava
domain founded_year HQ Location
Subscription-based social networking platform for runners and cyclists
STEPN
domain founded_year HQ Location
Move-to-earn solutions are offered via a blockchain-based running app.
Runkeeper
domain founded_year HQ Location
Personal fitness is tracked and improved through a mobile application.
Run Tour
domain founded_year HQ Location
It serves as a limited information available.
Runmeter
domain founded_year HQ Location
Offers a comprehensive data analytics platform for runners.
WattRunner
domain founded_year HQ Location
Physical fitness activities are tracked by a specialized training tool.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Driftline

Frequently Asked Questions about Driftline

When was Driftline founded?

Driftline was founded in 2018 and raised its 1st funding round 4 years after it was founded.

Where is Driftline located?

Driftline is headquartered in Reykjavik, Iceland.

Who is the current CEO of Driftline?

Agnar Steinarsson is the current CEO of Driftline. They have also founded this company.

Is Driftline a funded company?

Driftline is a funded company, having raised a total of $350K across 2 funding rounds to date. The company's 1st funding round was a Grant of $450K, raised on Dec 20, 2022.

What does Driftline do?

Driftline was founded in 2018 and is based in Reykjavik, Iceland. Wearable smartwatches designed for running are offered, with tracking of maximum heart rate, VO2Max, heart rate and speed thresholds, and post-workout recovery times. Operations center on independent devices compatible with any software in the fitness technology sector. Core services support activity monitoring for runners across various environments.

Who are the top competitors of Driftline?

Driftline's top competitors include Strava, STEPN and Runkeeper.

What products or services does Driftline offer?

Driftline offers TrueZone app, The time machine, and Metabolic tracker.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available