About Freedrive
Freedrive is a company based in Chicago (United States) founded in 1993 was acquired by Xdrive in February 2012.. Freedrive has raised $20 million across 1 funding round from investors including Motorola Solutions, DXC Technology and Dell EMC. Freedrive operates in a competitive market with competitors including Box, Dropbox, WeTransfer, Egnyte and Hightail, among others.
- Headquarter Chicago, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 1 rounds
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Latest Funding Round
$20 M (USD), Series B
Sep 30, 2000
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Investors
Motorola Solutions
& 3 more
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Employee Count
Employee Count
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Acquired by
Xdrive
(Feb 25, 2012)
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Funding Insights of Freedrive
Freedrive has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series B round of $20 million completed in September 2000. 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 Series B — $20.0M
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First Round
First Round
(30 Sep 2000)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2000 | Amount | Series B - Freedrive | Valuation | Motorola Solutions , EDS |
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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 Freedrive
Freedrive has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Motorola Solutions, DXC Technology and Dell EMC. 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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Communication technology provider
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Founded Year | Domain | Location | |
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DXC Technology is recognized as a global provider of IT services.
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Founded Year | Domain | Location | |
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Digital transformation solution for the modern data center
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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 Freedrive
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Freedrive
| 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 |
Freedrive Comparisons
Competitors of Freedrive
Freedrive 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 Box, Dropbox, WeTransfer, Egnyte and Hightail, 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 |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Cloud-based file sharing and collaboration tools are offered for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based file sharing and file transfer application
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| domain | founded_year | HQ Location |
Platform that offers data governance and file sharing solutions
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| domain | founded_year | HQ Location |
Files and folders are securely shared and managed anywhere.
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| domain | founded_year | HQ Location |
Cloud-based enterprise file synchronization and sharing are facilitated through gateways.
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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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Frequently Asked Questions about Freedrive
When was Freedrive founded?
Freedrive was founded in 1993 and raised its 1st funding round 7 years after it was founded.
Where is Freedrive located?
Freedrive is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Freedrive a funded company?
Freedrive is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series B of $20M, raised on Sep 30, 2000.
What does Freedrive do?
Freedrive was founded in 1993 in Chicago, United States, focusing on the online storage sector. Services enable storage, access, and organization of data files, including spreadsheets, photographs, images, videos, HTML, and MP3 formats, from any device via web browser. Sharing of photos and files is supported as a social utility. The company was acquired by Xdrive Technologies in February 2002.
Who are the top competitors of Freedrive?
Freedrive's top competitors include Box, WeTransfer and Dropbox.
Who are Freedrive's investors?
Freedrive has 4 investors. Key investors include Motorola Solutions, DXC Technology, Dell EMC, and Xdrive.