About Drivetribe
Drivetribe is a company based in London (United Kingdom) founded in 2016.. Drivetribe has raised $12 million across 3 funding rounds from investors including 21st Century Fox, Atomico and Breyer Capital. The company has 35 employees as of December 31, 2019. Drivetribe has completed 1 acquisition, including 6Tribes. Drivetribe operates in a competitive market with competitors including Harvest Hosts, Bitauto, JustAnswer, Car Throttle and ZigWheels, among others.
- Headquarter London, United Kingdom
- Employees 35 as on 31 Dec, 2019
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Sectors
Transportation, Automotive & LogisticsMedia & 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 Drivetribe Limited
- Date of Incorporation 01 Nov, 2016
- Jurisdiction LONDON
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Annual Revenue
$1.42 M (USD)0as on Dec 31, 2018
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Net Profit
$10.84 M (USD)350as on Dec 31, 2018
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EBITDA
$10.69 M (USD)334as on Dec 31, 2018
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Total Equity Funding
$12 M (USD)
in 3 rounds
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Latest Funding Round
$6.5 M (USD), Series A
Sep 06, 2016
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Investors
21st Century Fox
& 2 more
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Employee Count
35
as on Dec 31, 2019
- Investments & Acquisitions
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Funding Insights of Drivetribe
Drivetribe has successfully raised a total of $12M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.5 million completed in September 2016. 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 3
- Last Round Series A — $6.5M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Series A - Drivetribe | Valuation |
investors |
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| Aug, 2016 | Amount | Series A - Drivetribe | Valuation |
investors |
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| Apr, 2016 | Amount | Series A - Drivetribe | 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 Drivetribe
Drivetribe has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include 21st Century Fox, Atomico and Breyer Capital. 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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Venture capital firm
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Founded Year | Domain | Location | |
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Tech-based companies are invested in by Atomico venture capital fund.
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Founded Year | Domain | Location | |
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Media corporation in production and distribution of media
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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 Drivetribe
Drivetribe has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include 6Tribes. 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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Interest-based communities are connected via automated social media analysis.
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2014 |
| 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 - Drivetribe
| 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 |
Drivetribe Comparisons
Competitors of Drivetribe
Drivetribe 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 Harvest Hosts, Bitauto, JustAnswer, Car Throttle and ZigWheels, 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 |
Overnight RV stays are facilitated at farms and attractions.
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| domain | founded_year | HQ Location |
Auto-related information is provided via an online platform.
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| domain | founded_year | HQ Location |
Visitors are connected with independent experts for online Q&A services.
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| domain | founded_year | HQ Location |
Community platform for auto enthusiasts
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| domain | founded_year | HQ Location |
Online portal to find new and used car deals
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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 Drivetribe
Frequently Asked Questions about Drivetribe
When was Drivetribe founded?
Drivetribe was founded in 2016.
Where is Drivetribe located?
Drivetribe is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Drivetribe a funded company?
Drivetribe is a funded company, having raised a total of $12M across 3 funding rounds to date.
How many employees does Drivetribe have?
As of Dec 31, 2019, the latest employee count at Drivetribe is 35.
What is the annual revenue of Drivetribe?
Annual revenue of Drivetribe is $1.42M as on Dec 31, 2018.
What does Drivetribe do?
Drivetribe is a digital media platform for motoring and adventure enthusiasts. Hosted content would be video, articles, social and interactive with users signing up to the tribes that reflect their personal motoring interests. Jeremy Clarkson, Richard Hammond and James May will serve as hosts, along with invited stars, and will generate and curate their own content for fans. Invite-only as of Nov 2016.
Who are the top competitors of Drivetribe?
Drivetribe's top competitors include Harvest Hosts, JustAnswer and Bitauto.
How many acquisitions has Drivetribe made?
Drivetribe has made 1 acquisition, including 6Tribes.
Who are Drivetribe's investors?
Drivetribe has 3 investors. Key investors include 21st Century Fox, Atomico, and Breyer Capital.
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