About Drivin Dealer
Drivin Dealer is a company based in Chicago (United States) founded in 2015 was acquired by KAR Global in April 2017.. Drivin Dealer has raised $17.5 million across 2 funding rounds from investors including Columbus Nova Technology Partners, Lightbank and OPENLANE. Drivin Dealer operates in a competitive market with competitors including ACV Auctions, CarLotz, Copart, Droom and Openlane, among others.
- Headquarter Chicago, United States
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Sectors
Transportation, Automotive & LogisticsRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.5 M (USD)
in 2 rounds
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Latest Funding Round
$7.5 M (USD), Series A
May 25, 2016
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Investors
Columbus Nova Technology Partners
& 2 more
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Employee Count
Employee Count
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Acquired by
KAR Global
(Apr 19, 2017)
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Funding Insights of Drivin Dealer
Drivin Dealer has successfully raised a total of $17.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in May 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 2
- Last Round Series A — $7.5M
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First Round
First Round
(04 Jul 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series A - Drivin Dealer | Valuation |
investors |
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| Jul, 2015 | Amount | Series A - Drivin Dealer | 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 Drivin Dealer
Drivin Dealer has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Columbus Nova Technology Partners, Lightbank and OPENLANE. 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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Stage-agnostic tech-focused VC firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Tech focused seed & early stage VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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OPENLANE is recognized for building digital marketplaces for used vehicles.
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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 Drivin Dealer
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Drivin Dealer
| 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 |
Drivin Dealer Comparisons
Competitors of Drivin Dealer
Drivin Dealer 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 ACV Auctions, CarLotz, Copart, Droom and Openlane, 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 |
B2B online auctions for car dealers' inventory are facilitated.
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| domain | founded_year | HQ Location |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Wholesale used vehicles are auctioned online for dealers.
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| domain | founded_year | HQ Location |
Pre-owned cars are purchased outright through an online platform.
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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 Drivin Dealer
Frequently Asked Questions about Drivin Dealer
When was Drivin Dealer founded?
Drivin Dealer was founded in 2015.
Where is Drivin Dealer located?
Drivin Dealer is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Drivin Dealer a funded company?
Drivin Dealer is a funded company, having raised a total of $17.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jul 04, 2015.
What does Drivin Dealer do?
Drivin Dealer was established in 2015 in Chicago, United States, within the automotive sector. An online platform is utilized by dealers to source and acquire used vehicles, while inventory operations are supported through maintenance and optimization for sales conversions. Services encompass vehicle selling, sourcing, acquisition, and delivery, with lot inventory managed to facilitate dealer needs.
Who are the top competitors of Drivin Dealer?
Drivin Dealer's top competitors include CarLotz, ACV Auctions and Droom.
Who are Drivin Dealer's investors?
Drivin Dealer has 3 investors. Key investors include Columbus Nova Technology Partners, Lightbank, and OPENLANE.