About Driift
Driift is a company based in London (United Kingdom) founded in 2020 by Brian Message and Ric Salmon.. Driift has raised $4.56 million across 2 funding rounds from investors including Deezer. The company has 3 employees as of March 31, 2021. Driift has completed 1 acquisition, including Dreamstage. Driift operates in a competitive market with competitors including Seated, LIVE IT, Doors, 1iota Productions and FRONJI, among others.
- Headquarter London, United Kingdom
- Employees 3 as on 31 Mar, 2021
- Founders Brian Message, Ric Salmon
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Sectors
TechnologyMedia & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Driift Live Ltd
- Date of Incorporation 15 Jun, 2020
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$606.38 K (USD)-82as on Dec 31, 2023
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Net Profit
$-1.71 M (USD)-85as on Dec 31, 2023
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EBITDA
$-1.71 M (USD)-85as on Dec 31, 2023
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Total Equity Funding
$4.56 M (USD)
in 2 rounds
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Latest Funding Round
$4.56 M (USD), Series A
Oct 05, 2022
- Investors
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Employee Count
3
as on Mar 31, 2021
- Investments & Acquisitions
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Funding Insights of Driift
Driift has successfully raised a total of $4.56M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.56 million completed in October 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 Funding
- Total Rounds 2
- Last Round Series A — $4.6M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2022 | Amount | Series A - Driift | Valuation |
investors |
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| Oct, 2021 | Amount | Seed - Driift | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Driift
Driift has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Deezer. 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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Online platform for on-demand music and radio streaming
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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 Driift
Driift has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Dreamstage. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Virtual concerts are streamed on an online platform for users.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Driift
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Driift Comparisons
Competitors of Driift
Driift 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 Seated, LIVE IT, Doors, 1iota Productions and FRONJI, 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 |
A platform for early ticket access to live events is offered.
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| domain | founded_year | HQ Location |
Cloud-based event ticketing software is provided for event management.
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| domain | founded_year | HQ Location |
Cloud based digital live streaming platform provider
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| domain | founded_year | HQ Location |
Offers ticketing, event management, and fan engagement for live entertainment.
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| domain | founded_year | HQ Location |
Provides video hosting, live streaming, and SMS campaigns for creators and businesses.
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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 Driift
Frequently Asked Questions about Driift
When was Driift founded?
Driift was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Driift located?
Driift is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Driift?
Ric Salmon is the current CEO of Driift. They have also founded this company.
Is Driift a funded company?
Driift is a funded company, having raised a total of $4.56M across 2 funding rounds to date.
How many employees does Driift have?
As of Mar 31, 2021, the latest employee count at Driift is 3.
What is the annual revenue of Driift?
Annual revenue of Driift is $606.38K as on Dec 31, 2023.
What does Driift do?
Driift was founded in 2020 in London, United Kingdom, as a provider of live streaming event ticketing solutions within the digital entertainment sector. Online live ticketed events are produced and promoted to enable artists to access worldwide audiences and create new revenue streams. Ticketed live stream shows are delivered through the platform, supporting operations in the virtual events industry.
How many acquisitions has Driift made?
Driift has made 1 acquisition, including Dreamstage.
Who are Driift's investors?
Driift has 1 investor. Key investors include Deezer.