About Drovo
Drovo is a company based in London (United Kingdom) founded in 2015 by Artjom Jekimstev. Drovo has raised $5.58 million across 4 funding rounds from investors including Growthdeck, Maven Capital Partners and Change Ventures. The company has 13 employees as of September 30, 2021. Drovo operates in a competitive market with competitors including dKilo, Xinchao Media, Rodeo, Play Octopus and Ara Labs, among others.
- Headquarter London, United Kingdom
- Employees 13 as on 30 Sep, 2021
- Founders Artjom Jekimstev
-
Sectors
Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Adverttu Limited
- Date of Incorporation 06 Nov, 2015
- Jurisdiction LONDON, ENGLAND
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5.58 M (USD)
in 4 rounds
-
Latest Funding Round
$3.66 M (USD), Series A
Aug 25, 2023
-
Investors
Growthdeck
& 5 more
-
Employee Count
13
as on Sep 30, 2021
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Drovo
Drovo has successfully raised a total of $5.58M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.66 million completed in August 2023. 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 4
- Last Round Series A — $3.7M
-
First Round
First Round
(16 Jul 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series A - Drovo | Valuation | Maven Capital Partners | |
| Aug, 2022 | Amount | Series A - Drovo | Valuation |
investors |
|
| Dec, 2020 | Amount | Series A - Drovo | Valuation |
investors |
|
Investors in Drovo
Drovo has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Growthdeck, Maven Capital Partners and Change Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Multiple sectors are targeted for private equity investments.
|
Founded Year | Domain | Location | |
|
Change Ventures is focused on backing ambitious Baltic startup founders with pre-seed and seed capital investments.
|
Founded Year | Domain | Location | |
|
Caygan Capital is engaged in multi-asset investment management.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Drovo
Financial Statements - Drovo
Drovo Comparisons
Competitors of Drovo
Drovo 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 dKilo, Xinchao Media, Rodeo, Play Octopus and Ara Labs, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based cab advertising solutions are provided for real-time campaign management.
|
|
| domain | founded_year | HQ Location |
Media advertising services are delivered via elevator TVs in China.
|
|
| domain | founded_year | HQ Location |
Rodeo is engaged in transit media advertising solutions.
|
|
| domain | founded_year | HQ Location |
In-car entertainment & advertisement solutions for rideshare industry
|
|
| domain | founded_year | HQ Location |
Advertising services are provided by Ara Labs since 2016.
|
Frequently Asked Questions about Drovo
Drovo was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Drovo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Artjom Jekimstev is the current CEO of Drovo. They have also founded this company.
Drovo is a funded company, having raised a total of $5.58M across 4 funding rounds to date. The company's 1st funding round was a Series A of $932.87K, raised on Jul 16, 2019.
As of Sep 30, 2021, the latest employee count at Drovo is 13.
Drovo was founded in 2015 in London, United Kingdom, within the advertising sector. A platform is operated to enable ad displays on vehicles, allowing targeting of specific audiences. Live data on media assets, covered distances, and campaign ROI is accessible through a dashboard. Configurations for adverts are supported using real-time geo-location, time-based settings, and event triggers. Operations focus on mobile out-of-home advertising services.
Drovo's top competitors include Xinchao Media, Rodeo and Play Octopus.
Drovo has 6 investors. Key investors include Growthdeck, Maven Capital Partners, Change Ventures, Caygan Capital, and VENTURIAN.