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
- SectorsTechnology
- Website freedrive.com
- Acquired by Xdrive (Feb 2012)
- Total Equity Funding$20M (USD)
in 1 rounds
- Latest Funding Round$20M (USD), Series B
Sep 2000
- InvestorsMotorola Solutions
& 3 more
- Acquired byXdrive
(Feb 2012)
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 $20M
- Total Rounds 1
- Last Round Series B — $20M
- First Round $20M
(Sep 2000)
- Investors Count 3
All 1 funding rounds of Freedrive with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2000 | $20M | Series B | – | Motorola Solutions, EDS | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Communication technology provider | 1928 | motorolasolutions.com | Chicago, United States | |
DXC Technology is recognized as a global provider of IT services. | 1962 | eds.com | Plano, United States | |
Digital transformation solution for the modern data center | 1979 | dellemc.com | Hopkinton, United States | |
Enterprise file synchronization and sharing services are provided. | 1999 | xdrive.com | Beverly Hills, United States |
Investor details for Freedrive
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Freedrive
3 dated milestones of Freedrive across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Freedrive is founded.
- Funding First funding round of $20.0M.
- Exit Acquired by Xdrive.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| box.com | 2005 | Redwood, United States | $692.63M | – | AI-based platform for secure collaboration and content management is utilized. | |
| dropbox.com | 2007 | San Francisco, United States | $607.2M | 2,316 | Cloud-based file sharing and collaboration tools are offered for enterprises. | |
| wetransfer.com | 2009 | Amsterdam, Netherlands | $63.81M | – | Cloud-based file sharing and file transfer application | |
| egnyte.com | 2006 | Mountain View, United States | $136.5M | – | Platform that offers data governance and file sharing solutions | |
| hightail.com | 2004 | Campbell, United States | $77.7M | 245 | Files and folders are securely shared and managed anywhere. | |
| ctera.com | 2008 | New York, United States | $80M | – | Cloud-based enterprise file synchronization and sharing are facilitated through gateways. | |
| watchdox.com | 2008 | Palo Alto, United States | $30.25M | – | Cloud-based EFSS platform enables secure document sharing and control. | |
| bittorrent.com | 2004 | San Francisco, United States | $35.75M | 66 | Large files are shared efficiently via a cloud-based protocol. | |
| crossbeam.com | 2018 | Philadelphia, United States | $116.85M | 101 | Collaborative platform for data security and privacy is provided. | |
| sugarsync.com | 2008 | San Mateo, United States | $35M | 26 | Secure file syncing and sharing are enabled across multiple devices. |
Detailed competitors of Freedrive
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Freedrive
The website of Freedrive (freedrive.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 10% vs previous month
Websites whose visitors overlap most with Freedrive. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
myotherdrive.com | myotherdrive.com | 100% | – | – | – |
bigvault.com | bigvault.com | 85% | – | – | – |
| mydocsonline.com | 77% | 28.6K | #613,537 | View details | |
streamload.com | streamload.com | 77% | – | – | – |
mydrive.ch | mydrive.ch | 77% | – | #244,574 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Freedrive
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 20 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to Freedrive
10 companies that operate in the same segment as Freedrive (Enterprise Collaboration & Video Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based team communication and collaboration platform is provided. | 2009 | San Francisco, California, United States | USD 1.22 B | – | 74 | |
Cloud-based enterprise collaboration suites are delivered for team productivity. | 2002 | Sydney, New South Wales, Australia | USD 210 M | USD 6.57 B | 13,810 | |
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.75 M | – | – | |
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 2,810 | |
Cloud-based software for enterprise collaboration and project management is provided. | 2013 | San Francisco, California, United States | USD 417.7 M | – | – | |
Cloud-based platform for project management and team tracking is offered. | 2012 | Tel Aviv, Israel | USD 234.7 M | USD 1.23 B | 2,510 | |
Integrated documents and spreadsheets are utilized for team project management. | 2014 | San Francisco, California, United States | USD 240 M | – | – | |
Cloud based suite solutions for enterprise project management | 2005 | Bellevue, Washington, United States | USD 120.59 M | – | – | |
Cloud-based file sharing and file transfer application | 2009 | Amsterdam, Netherlands | USD 63.81 M | – | – | |
Real-time communication and conversational AI solutions are provided by Agora. | 2014 | Guangzhou, Guangdong, China | USD 55 M | USD 141.43 M | 608 |
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Frequently Asked Questions about Freedrive
Freedrive was founded in 1993 and raised its 1st funding round 7 years after it was founded.
Freedrive is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
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 2000.
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.
Freedrive's top competitors include Box, WeTransfer and Dropbox.
Freedrive has 4 investors. Key investors include Motorola Solutions, DXC Technology, Dell EMC, and Xdrive.
Yes. Freedrive was acquired by Xdrive in February 2012.