About Drust
Drust is a company based in Paris (France) founded in 2014.. Drust has raised $3.4 million across 1 funding round from investors including Macif. Drust offers products and services including AKOLYT Box and AKOLYT App. Drust operates in a competitive market with competitors including Jiaoxin Beidou, Osemitech Micro Technology, Oredo GPS, Radiant GPS and iTrack Solution, among others.
- Headquarter Paris, France
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Drust Sas
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.4 M (USD)
in 1 rounds
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Latest Funding Round
$3.4 M (USD), Seed
Sep 19, 2016
- Investors
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Employee Count
Employee Count
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Products & Services of Drust
Drust offers a comprehensive portfolio of products and services, including AKOLYT Box and AKOLYT App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device that connects to car for real-time fuel efficiency advice
App for vehicle diagnostics and driving performance tracking
Funding Insights of Drust
Drust has successfully raised a total of $3.4M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.4 million completed in September 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 1
- Last Round Seed — $3.4M
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First Round
First Round
(19 Sep 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Seed - Drust | Valuation |
investors |
| 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 Drust
Drust has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Macif. 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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Online platform for life, health, and P&C insurances
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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 Drust
| 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 - Drust
| 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 |
Drust Comparisons
Competitors of Drust
Drust 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 Jiaoxin Beidou, Osemitech Micro Technology, Oredo GPS, Radiant GPS and iTrack Solution, 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 |
Satellite navigation systems are developed and applied for transportation.
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| domain | founded_year | HQ Location |
Provider of wireless SoC chips for ultra-wideband and automotive millimeter-wave radar
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| domain | founded_year | HQ Location |
Produces high-quality automotive GPS tracking systems for vehicles.
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| domain | founded_year | HQ Location |
Produces high-quality automotive tracking systems for enhanced vehicle monitoring.
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| domain | founded_year | HQ Location |
Automotive tracking systems are manufactured by iTrack Solution.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Drust
When was Drust founded?
Drust was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Drust located?
Drust is headquartered in Paris, France.
Is Drust a funded company?
Drust is a funded company, having raised a total of $3.4M across 1 funding round to date. The company's 1st funding round was a Seed of $3.4M, raised on Sep 19, 2016.
What does Drust do?
Drust was established in 2014 in Paris, France, within the automotive technology sector. The Akolyt OBD device is employed to track vehicle performance data continuously and provide guidance on driving patterns. Accidents are identified automatically, trip details are recorded, and user support is offered as a personal assistant function. In March 2015, 70,000 was secured via Indiegogo, surpassing the initial 35,000 target.
Who are the top competitors of Drust?
Drust's top competitors include iTrack Solution, Osemitech Micro Technology and Jiaoxin Beidou.
What products or services does Drust offer?
Drust offers AKOLYT Box and AKOLYT App.
Who are Drust's investors?
Drust has 1 investor. Key investors include Macif.
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