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
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Adverttu Limited
- Date of Incorporation 06 Nov, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.58 M (USD)
in 4 rounds
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Latest Funding Round
$3.66 M (USD), Series A
Aug 25, 2023
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Investors
Growthdeck
& 5 more
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Employee Count
13
as on Sep 30, 2021
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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
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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 |
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| Dec, 2020 | Amount | Series A - Drovo | 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 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. 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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Multiple sectors are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Change Ventures is focused on backing ambitious Baltic startup founders with pre-seed and seed capital investments.
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Founded Year | Domain | Location | |
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Caygan Capital is engaged in multi-asset investment management.
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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 Drovo
| 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 - Drovo
| 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 |
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. 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 |
Cloud-based cab advertising solutions are provided for real-time campaign management.
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| domain | founded_year | HQ Location |
Media advertising services are delivered via elevator TVs in China.
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| domain | founded_year | HQ Location |
Rodeo is engaged in transit media advertising solutions.
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| domain | founded_year | HQ Location |
In-car entertainment & advertisement solutions for rideshare industry
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| domain | founded_year | HQ Location |
Advertising services are provided by Ara Labs since 2016.
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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 Drovo
Frequently Asked Questions about Drovo
When was Drovo founded?
Drovo was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Drovo located?
Drovo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Drovo?
Artjom Jekimstev is the current CEO of Drovo. They have also founded this company.
Is Drovo a funded 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.
How many employees does Drovo have?
As of Sep 30, 2021, the latest employee count at Drovo is 13.
What does Drovo do?
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.
Who are the top competitors of Drovo?
Drovo's top competitors include Xinchao Media, Rodeo and Play Octopus.
Who are Drovo's investors?
Drovo has 6 investors. Key investors include Growthdeck, Maven Capital Partners, Change Ventures, Caygan Capital, and VENTURIAN.