About DriveFactor
DriveFactor is a company based in Glen Allen (United States) founded in 2010 was acquired by CCC in May 2015. DriveFactor has raised $8.67 million across 4 funding rounds from investors including CCC Intelligent Solutions, Safeguard Scientifics and QED Investors. DriveFactor operates in a competitive market with competitors including Clearcover, Zendrive, Metromile, Cambridge Mobile Telematics and HDVI, among others.
- Headquarter Glen Allen, United States
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Drivefactor Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$8.67 M (USD)
in 4 rounds
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Latest Funding Round
$3.25 M (USD), Series A
Aug 13, 2013
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Investors
CCC Intelligent Solutions
& 3 more
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Employee Count
Not available
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Acquired by
CCC
(May 12, 2015)
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Funding Insights of DriveFactor
DriveFactor has successfully raised a total of $8.67M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.25 million completed in August 2013. 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.
Investors in DriveFactor
DriveFactor has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include CCC Intelligent Solutions, Safeguard Scientifics and QED Investors.
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Venture capital firm investing in early and growth stage companies
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Venture capital fund investing in early-stage start-ups
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Investor details for DriveFactor
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Investments & Acquisitions by DriveFactor
Investment portfolio details for DriveFactor
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Financial Statements - DriveFactor
Detailed financials for DriveFactor
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Drivefactor Comparisons
Peer comparison for DriveFactor
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Competitors of DriveFactor
DriveFactor 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 Clearcover, Zendrive, Metromile, Cambridge Mobile Telematics and HDVI, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Automotive insurance is delivered via an online platform.
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AI-enabled platform offering driver behavior monitoring and analysis solutions
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App that provides usage-based auto insurance platform for individuals
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Usage-based data monitoring solutions for the auto insurance industry
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Telematics-based data & monitoring solutions for auto insurers and fleet owners
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AI-based driving habits are monitored for insurance insights.
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Detailed competitors of DriveFactor
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Drivefactor
Complete news archive for DriveFactor
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Frequently Asked Questions about DriveFactor
DriveFactor was founded in 2010 and raised its 1st funding round 1 year after it was founded.
DriveFactor is headquartered in Glen Allen, United States. It is registered at Glen Allen, Virginia, United States.
DriveFactor is a funded company, having raised a total of $8.67M across 4 funding rounds to date.
DriveFactor was founded in 2010 in Glen Allen, United States, within the auto insurance sector. Online usage-based insurance is offered through telematics technology and statistical analysis of driving data. Relationships with manufacturers are leveraged to measure predictive variables. Tracking and driver feedback are delivered at low cost, enabling effective usage-based insurance programs across the United States.
DriveFactor's top competitors include Clearcover, Metromile and Sigo Insurance.
DriveFactor has 4 investors. Key investors include CCC Intelligent Solutions, Safeguard Scientifics, QED Investors, and Middlemarch Partners.