About Driverly
Driverly is a company based in Cardiff (United Kingdom) founded in 2021 by Mohammad Alinia and Nestor Alonso.. Driverly has raised $786.58 thousand across 2 funding rounds from investors including Development Bank of Wales. Driverly offers products and services including Data Enrichment and Customised Solution. Driverly operates in a competitive market with competitors including Zego, Marshmallow, Cuvva, Octo Telematics and By Miles, among others.
- Headquarter Cardiff, United Kingdom
- Founders Mohammad Alinia, Nestor Alonso
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Phone
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Website
*********
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Social
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- Legal Name Driverly Company Limited
- Date of Incorporation 05 May, 2021
- Jurisdiction CARDIFF, WALES
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$786.58 K (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Products & Services of Driverly
Driverly offers a comprehensive portfolio of products and services, including Data Enrichment and Customised Solution. 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.
Tool for deeper customer insights in risk selection and pricing.
Modular technology for business-specific insurance needs.
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Funding Insights of Driverly
Driverly has successfully raised a total of $786.58K across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(06 Apr 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Seed - Driverly | Valuation |
investors |
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| Apr, 2022 | Amount | Seed - Driverly | Valuation |
investors |
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| 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 Driverly
Driverly has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Development Bank of Wales. 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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Provider of equity funding and business & property development loans
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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 Driverly
| 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 - Driverly
| 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 |
Driverly Comparisons
Competitors of Driverly
Driverly 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 Zego, Marshmallow, Cuvva, Octo Telematics and By Miles, 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 |
Motor insurance is provided for personal and work driving.
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| domain | founded_year | HQ Location |
Auto insurance is delivered via app to individual drivers.
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| domain | founded_year | HQ Location |
Online usage-based car insurance solutions
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| domain | founded_year | HQ Location |
Provider of telematics and data analytics solutions for the insurance and connected mobility sectors
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| domain | founded_year | HQ Location |
Pay-per-mile auto insurance is offered through a mobile app.
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| domain | founded_year | HQ Location |
Provider of cycle insurance for damage, theft, or loss
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Driverly
Frequently Asked Questions about Driverly
When was Driverly founded?
Driverly was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Driverly located?
Driverly is headquartered in Cardiff, United Kingdom. It is registered at Cardiff, Wales, United Kingdom.
Is Driverly a funded company?
Driverly is a funded company, having raised a total of $786.58K across 2 funding rounds to date. The company's 1st funding round was a Seed of $786.58K, raised on Apr 06, 2022.
What does Driverly do?
Driverly was founded in 2021 in Cardiff, United Kingdom, within the insurtech sector. An AI-driven mobile application is utilized to track and log various driving metrics, including speed, braking, and route patterns. These data points are analyzed to generate profiles of individual driving behaviors, enabling tailored insurance assessments. Operations focus on user privacy and real-time feedback, serving the UK market primarily.
Who are the top competitors of Driverly?
Driverly's top competitors include Marshmallow, Cuvva and Octo Telematics.
What products or services does Driverly offer?
Driverly offers Data Enrichment and Customised Solution.
Who are Driverly's investors?
Driverly has 1 investor. Key investors include Development Bank of Wales.