About HopSkipDrive
HopSkipDrive is a company based in South Pasadena (United States) founded in 2014.. HopSkipDrive has raised $105.52 million across 7 funding rounds from investors including State Farm, FirstMark and Energy Impact Partners. The company has 123 employees as of December 31, 2022. HopSkipDrive offers products and services including Supplemental Transportation and RouteWise AI. HopSkipDrive operates in a competitive market with competitors including GoKid, Splt, Shuddle, SendaRide and Kango, among others.
- Headquarter South Pasadena, United States
- Employees 123 as on 31 Dec, 2022
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Sectors
HealthcareTransportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$105.52 M (USD)
in 7 rounds
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Latest Funding Round
$37 M (USD), Series D
Sep 13, 2022
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Investors
State Farm
& 21 more
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Employee Count
123
as on Dec 31, 2022
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Products & Services of HopSkipDrive
HopSkipDrive offers a comprehensive portfolio of products and services, including Supplemental Transportation and RouteWise AI. 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.
Provides safe rides for students to address school gaps
Offers AI-driven plans for customized school transportation
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Funding Insights of HopSkipDrive
HopSkipDrive has successfully raised a total of $105.52M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $37 million completed in September 2022. 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 7
- Last Round Series D — $37.0M
- First Round First Round
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series D - HopSkipDrive | Valuation | Energy Impact Partners | |
| Aug, 2021 | Amount | Series C - HopSkipDrive | Valuation | Energy Impact Partners , Keyframe | |
| Mar, 2020 | Amount | Series B - HopSkipDrive | Valuation | Cyrus Capital Partners |
| 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 HopSkipDrive
HopSkipDrive has secured backing from 22 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Farm, FirstMark and Energy Impact Partners. 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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Venture capital fund focused on growth-stage startups
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Founded Year | Domain | Location | |
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Venture capital investing and portfolio management services for accredited investors.
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Founded Year | Domain | Location | |
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Tech startups are invested in by Transform Capital venture fund.
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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 HopSkipDrive
| 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 - HopSkipDrive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Hopskipdrive Comparisons
Competitors of HopSkipDrive
HopSkipDrive 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 GoKid, Splt, Shuddle, SendaRide and Kango, 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 |
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| domain | founded_year | HQ Location |
Carpool solution for families
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| domain | founded_year | HQ Location |
Enterprise carpooling is facilitated for co-workers on shared routes.
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| domain | founded_year | HQ Location |
Provides scheduled ridesharing services specifically for children.
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| domain | founded_year | HQ Location |
Non-emergency medical transportation is provided through a scheduling platform.
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| domain | founded_year | HQ Location |
Online car-pooling platform for kids
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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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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 Hopskipdrive
Frequently Asked Questions about HopSkipDrive
When was HopSkipDrive founded?
HopSkipDrive was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is HopSkipDrive located?
HopSkipDrive is headquartered in South Pasadena, United States. It is registered at South Pasadena, California, United States.
Is HopSkipDrive a funded company?
HopSkipDrive is a funded company, having raised a total of $105.52M across 7 funding rounds to date. The company's 1st funding round was a Series B of $22M, raised on Jun 05, 2015.
How many employees does HopSkipDrive have?
As of Dec 31, 2022, the latest employee count at HopSkipDrive is 123.
What does HopSkipDrive do?
HopSkipDrive was founded in 2014 in South Pasadena, United States, within the transportation sector focused on pediatric healthcare. A ride-sharing platform for children is operated, connecting parents with vetted drivers through a mobile app. Real-time ride tracking and multiple contact options are provided to users. All drivers undergo a 15-point certification process to ensure safety. The service addresses transportation needs for busy families in healthcare contexts.
Who are the top competitors of HopSkipDrive?
HopSkipDrive's top competitors include GoKid, GoGoGrandparent and Splt.
What products or services does HopSkipDrive offer?
HopSkipDrive offers Supplemental Transportation and RouteWise AI.
Who are HopSkipDrive's investors?
HopSkipDrive has 22 investors. Key investors include State Farm, FirstMark, Energy Impact Partners, Keyframe, and Alumni Ventures.