About Drover
Drover is a Transportation, Automotive & Logistics company based in London (United Kingdom) founded in 2015, and was acquired by Cazoo in December 2020. Car subscription services are provided via an online platform. Drover has raised $55.08 million across 5 funding rounds from investors including bp, Shell and Cazoo. The company has 4,127 employees. Drover was last valued at $34.53 million in September 2020. Its focus areas include Consumer, Road Transport Tech, Vehicle Subscription and Cars. Its legal entity is CAZOO SUBSCRIPTION SERVICES LIMITED. Its competitors include Onto, Wagonex and WeVee; 3 of its 3 listed competitors have raised funding.
Company details
Drover was founded in 2015 in London, United Kingdom, operating in the automotive mobility sector. An online platform is maintained to facilitate car subscriptions, leasing, buying, and selling based on user preferences for duration, model, and other specifications. Services include insured transportation, vehicle verification, doorstep delivery, and electric vehicle options. Operations focus on short- and long-term rentals through a user-centric digital interface.
- Headquarters London, United Kingdom
- Employees 4,127
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website joindrover.com
- Social LinkedIn X Facebook
- Acquired by Cazoo (Dec 2020)
- Legal Name Cazoo Subscription Services Limited
- Date of Incorporation 19 Oct, 2015
- Jurisdiction LONDON, UNITED KINGDOM
Funding Insights of Drover
Drover has successfully raised a total of $55.08M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $2.87 million completed in September 2020. 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 $55.08M
- Total Rounds 5
- Last Round Series B — $2.87M
- First Round $2.2M
(Nov 2015)
- Investors Count 13
All 5 funding rounds of Drover with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2020 | $2.87M | Series B | $34.53M | Shell | – |
| Jul 2020 | $25.71M | Series B | $30.17M | Target Global, Autotech Ventures | |
| Jul 2019 | $15.6M | Series B | $••••• | – | – |
| Dec 2017 | $8.7M | Series A | $••••• | Cherry Ventures, Partech Partners | |
| Nov 2015 | $2.2M | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2020 | $34.53M | •••••••• |
| Jul 2020 | $30.17M | •••••••• |
| Jul 2019 | $••••• | •••••••• |
| Dec 2017 | $••••• | •••••••• |
| Nov 2015 | $••••• | •••••••• |
Full valuation and stage history of Drover
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $34.53M (Sep 2020). 14 investors in total: 14 institutional.
Investors in Drover
Drover has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include bp, Shell and Cazoo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm | targetglobal.vc | London, United Kingdom | ||
VC firm investing globally | autotechvc.com | Menlo Park, United States | ||
Provider of early-stage venture capital funding for European technology companies | cherry.vc | Berlin, Germany | ||
Early-stage investments are provided to mission-driven technology founders. | versionone.vc | |||
Venture capital is provided by Molten Ventures to tech leaders. | forwardpartners.com | London, United Kingdom | ||
Venture capital is provided to global tech startups and scale-ups. | 1982 | partechpartners.com | Paris, France | |
Venture capital fund focused on mobility, logistic, marketplaces, and e-commerce sectors | riderglobal.vc | Moscow, Russia | ||
Private equity investments are directed across multiple sectors. | channel4ventures.com | London, United Kingdom | ||
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Investments in energy technology companies are made by BP Ventures. | bp.com/en/global/bp-ventures |
Investor details for Drover
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Drover
23 people are tracked at Drover (3 in leadership, 1 in board & advisors, 19 in team); the tracked headcount is 4,127.
| Name | Role | Group |
|---|---|---|
Alex Chesterman | Founder & CEO | Leadership |
Philip Hedigan | VP, Sales & Marketing | Leadership |
Paul Whitehead | Chief Commercial Officer | Leadership |
Anne Wojcicki | Non-Executive Director | Board & advisors |
John Collopy | Sales Manager | Team |
Stefani Hitchings Dennis | Customer Service Manager | Team |
Jo Prunty | Financial Controller | Team |
Laith Amiri | Customer Care Specialist | Team |
Eleanor Jamieson | Senior Customer Experience Manager | Team |
Marit-Andrea Meineke | Team Lead Communications | Team |
Valentino Compino | Accounts Receivable/credit Control Manager | Team |
Stephanie Ruiz | Talent Specialist | Team |
Stacy Lochmann | HR Manager | Team |
Lucy Cornwell | Senior People Services Specialist | Team |
Sam Lewis | Human Resources Specialist | Team |
Marco Dellavalle | Accounts Receivable Specialist | Team |
Jack Baart | Senior Product Support Specialist | Team |
Maunette Gildenhuys Ca | Finance Transformation Manager | Team |
Holly May Haydon | Customer Experience Specialist | Team |
Charles Steward | Senior Product Manager - Purchasing & Pricing | Team |
3 more people are available in the full profile.
Complete people profiles for Drover
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Drover
5 dated milestones of Drover across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Drover is founded.
- Funding First funding round of $2.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $2.9M.
- Exit Acquired by Cazoo.
Competitors of Drover
Drover has 3 listed competitors in our database, 3 of them funded. They include Onto, Wagonex and WeVee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| on.to | 2017 | Birmingham, United Kingdom | $240.91M | 77 | Electric car subscriptions are offered via an app-based platform. | |
| wagonex.com | 2016 | London, United Kingdom | $5.49M | 11 | Cars are offered via an online subscription platform. | |
| wevee.uk | 2019 | London, United Kingdom | $7M | 41 | Electric car-leasing services are offered via an online platform. |
Detailed competitors of Drover
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Top companies in Automotive Retail & Aftersales
2 companies that operate in the same segment as Drover (Automotive Retail & Aftersales) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M |
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Related news about Drover
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Frequently Asked Questions about Drover
Drover was founded in 2015.
Drover is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Drover is a funded company, having raised a total of $55.08M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.2M, raised on Nov 2015.
Drover has 4,127 employees.
Drover was founded in 2015 in London, United Kingdom, operating in the automotive mobility sector. An online platform is maintained to facilitate car subscriptions, leasing, buying, and selling based on user preferences for duration, model, and other specifications. Services include insured transportation, vehicle verification, doorstep delivery, and electric vehicle options. Operations focus on short- and long-term rentals through a user-centric digital interface.
Drover has 14 investors. Key investors include bp, Shell, Cazoo, Digital.ai, and Partech Partners.
The valuation of Drover is $34.53M as of Sep 2020.
Drover operates through Cazoo Subscription Services Limited.
Yes. Drover was acquired by Cazoo in December 2020.