About HDVI
HDVI is a company based in Chicago (United States) founded in 2018 by Reid Spitz and Chuck Wallace.. HDVI has raised $88.5 million across 3 funding rounds from investors including Daimler Trucks North America, Qualcomm Ventures and 8VC. HDVI offers products and services including Shift Dynamic Insurance, Fleet Services, and Safety Tools. HDVI operates in a competitive market with competitors including Clearcover, Hagerty, Zendrive, Metromile and Cambridge Mobile Telematics, among others.
- Headquarter Chicago, United States
- Founders Reid Spitz, Chuck Wallace
-
Sectors
Financial ServicesTransportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Hdvi Insurance Services, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$88.5 M (USD)
in 3 rounds
-
Latest Funding Round
$40 M (USD), Series C
Feb 12, 2025
-
Investors
Daimler Trucks North America
& 5 more
-
Employee Count
Employee Count
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
Products & Services of HDVI
HDVI offers a comprehensive portfolio of products and services, including Shift Dynamic Insurance, Fleet Services, and Safety Tools. 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.
Dynamic pricing insurance for trucking fleets.
Tools to improve fleet safety and operations.
Integrated systems for driver safety metrics.
Unlock access to complete
Funding Insights of HDVI
HDVI has successfully raised a total of $88.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in February 2025. 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 3
- Last Round Series C — $40.0M
-
First Round
First Round
(12 Aug 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series C - HDVI | Valuation | 8VC , Autotech Ventures |
|
| Aug, 2021 | Amount | Series B - HDVI | Valuation | Weatherford Capital | |
| Aug, 2020 | Amount | Series A - HDVI | Valuation | Munich Re Ventures , 8VC |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HDVI
HDVI has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Daimler Trucks North America, Qualcomm Ventures and 8VC. 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 |
|---|---|---|---|---|
|
Venture capital firm investing in technology, life sciences, and related sectors.
|
Founded Year | Domain | Location | |
|
VC firm investing globally
|
Founded Year | Domain | Location | |
|
Startups are funded by Munich Re-backed venture capital firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by HDVI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - HDVI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hdvi Comparisons
Competitors of HDVI
HDVI 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 Clearcover, Hagerty, Zendrive, Metromile and Cambridge Mobile Telematics, 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 |
Automotive insurance is delivered via an online platform.
|
|
| domain | founded_year | HQ Location |
Automotive insurance solutions are provided to vehicle users.
|
|
| domain | founded_year | HQ Location |
AI-enabled platform offering driver behavior monitoring and analysis solutions
|
|
| domain | founded_year | HQ Location |
App that provides usage-based auto insurance platform for individuals
|
|
| domain | founded_year | HQ Location |
Usage-based data monitoring solutions for the auto insurance industry
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Hdvi
Frequently Asked Questions about HDVI
When was HDVI founded?
HDVI was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is HDVI located?
HDVI is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of HDVI?
Chuck Wallace is the current CEO of HDVI. They have also founded this company.
Is HDVI a funded company?
HDVI is a funded company, having raised a total of $88.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $16M, raised on Aug 12, 2020.
What does HDVI do?
HDVI was founded in 2018 in Chicago, United States, and operates in the telematics sector for insurance and fleet management. Solutions are delivered for fatigue analysis, compliance monitoring, driving behavior evaluation, vehicle data handling, and overall fleet oversight. These services support auto insurers and fleet operators in data-driven decision-making across the transportation industry.
Who are the top competitors of HDVI?
HDVI's top competitors include Hagerty, Clearcover and Metromile.
What products or services does HDVI offer?
HDVI offers Shift Dynamic Insurance, Fleet Services, and Safety Tools.
Who are HDVI's investors?
HDVI has 6 investors. Key investors include Daimler Trucks North America, Qualcomm Ventures, 8VC, Autotech Ventures, and Munich Re Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.