About Drover
Drover is a company based in London (United Kingdom) founded in 2015 was acquired by Cazoo in December 2020.. Drover has raised $55.08 million across 5 funding rounds from investors including bp, Shell and Cazoo. The company has 4,127 employees as of December 31, 2022. Drover operates in a competitive market with competitors including Onto, Wagonex, WeVee, elmo and DriveElectric, among others.
- Headquarter London, United Kingdom
- Employees 4127 as on 31 Dec, 2022
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Cazoo Subscription Services Limited
- Date of Incorporation 19 Oct, 2015
- Jurisdiction LONDON, UNITED KINGDOM
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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 Total Funding
- Total Rounds 5
- Last Round Series B — $2.9M
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First Round
First Round
(27 Nov 2015)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2020 | Amount | Series B - Drover | Valuation | Shell |
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| Jul, 2020 | Amount | Series B - Drover | Valuation | Target Global , Autotech Ventures | |
| Jul, 2019 | Amount | Series B - Drover | 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 Drover
Drover has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include bp, Shell and Cazoo. 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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VC firm investing globally
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Founded Year | Domain | Location | |
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Provider of early-stage venture capital funding for European technology companies
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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 Drover
| 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 - Drover
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Drover Comparisons
Competitors of Drover
Drover 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 Onto, Wagonex, WeVee, elmo and DriveElectric, 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 |
Electric car subscriptions are offered via an app-based platform.
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| domain | founded_year | HQ Location |
Cars are offered via an online subscription platform.
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| domain | founded_year | HQ Location |
Electric car-leasing services are offered via an online platform.
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| domain | founded_year | HQ Location |
Electric vehicle subscriptions are offered with customizable plans.
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| domain | founded_year | HQ Location |
Offers a platform for hiring electric cars.
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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 Drover
Frequently Asked Questions about Drover
When was Drover founded?
Drover was founded in 2015.
Where is Drover located?
Drover is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Drover a funded company?
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 Series B of $15.6M, raised on Nov 27, 2015.
How many employees does Drover have?
As of Dec 31, 2022, the latest employee count at Drover is 4,127.
What does Drover do?
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.
Who are Drover's investors?
Drover has 14 investors. Key investors include bp, Shell, Cazoo, Digital.ai, and Partech Partners.
What is Drover's valuation?
The valuation of Drover is $34.53M as of Sep 2020.