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
-
Sectors
Transportation, Automotive & LogisticsFinancial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Drivefactor Inc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$8.67 M (USD)
in 4 rounds
-
Latest Funding Round
$3.25 M (USD), Series A
Aug 13, 2013
-
Investors
CCC Intelligent Solutions
& 3 more
-
Employee Count
Employee Count
-
Acquired by
CCC
(May 12, 2015)
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.
- 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
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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $3.2M
-
First Round
First Round
(01 Jun 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Series A - DriveFactor | Valuation |
investors |
|
| Dec, 2011 | Amount | Series A - DriveFactor | Valuation |
investors |
|
| Sep, 2011 | Amount | Seed - DriveFactor | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Venture capital firm investing in early and growth stage companies
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in early-stage start-ups
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by DriveFactor
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - DriveFactor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drivefactor Comparisons
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. 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 |
Automotive insurance is delivered via an online platform.
|
|
| domain | founded_year | HQ Location |
AI-enabled platform offering driver behavior monitoring and analysis solutions
|
|
| domain | founded_year | HQ Location |
App that provides usage-based auto insurance platform for individuals
|
|
| domain | founded_year | HQ Location |
Usage-based data monitoring solutions for the auto insurance industry
|
|
| domain | founded_year | HQ Location |
Telematics-based data & monitoring solutions for auto insurers and fleet owners
|
|
| domain | founded_year | HQ Location |
AI-based driving habits are monitored for insurance insights.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about DriveFactor
When was DriveFactor founded?
DriveFactor was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is DriveFactor located?
DriveFactor is headquartered in Glen Allen, United States. It is registered at Glen Allen, Virginia, United States.
Is DriveFactor a funded company?
DriveFactor is a funded company, having raised a total of $8.67M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.12M, raised on Jun 01, 2011.
What does DriveFactor do?
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.
Who are the top competitors of DriveFactor?
DriveFactor's top competitors include Clearcover, Metromile and Sigo Insurance.
Who are DriveFactor's investors?
DriveFactor has 4 investors. Key investors include CCC Intelligent Solutions, Safeguard Scientifics, QED Investors, and Middlemarch Partners.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.