About OptimoRoute
OptimoRoute is a company based in Palo Alto (United States) founded in 2012 by Marin Saric.. OptimoRoute has raised $10.7 million across 4 funding rounds from investors including Prelude Ventures, Pathbreaker Ventures and Anorak Ventures. OptimoRoute offers products and services including Route Planning Software, Driver Mobile App, and Live Tracking Feature. OptimoRoute operates in a competitive market with competitors including WorkJam, Planday, Reflexis Systems, SIMPRO and Parsable, among others.
- Headquarter Palo Alto, United States
- Founders Marin Saric
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Optimoroute D.O.O.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.7 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Series A
Mar 16, 2022
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Investors
Prelude Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of OptimoRoute
OptimoRoute offers a comprehensive portfolio of products and services, including Route Planning Software, Driver Mobile App, and Live Tracking Feature. 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.
Automates efficient routes and schedules for delivery operations.
Provides routes and tracking for drivers in field services.
Tracks driver locations and ETAs in real-time.
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Funding Insights of OptimoRoute
OptimoRoute has successfully raised a total of $10.7M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in March 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 4
- Last Round Series A — $2.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - OptimoRoute | Valuation |
investors |
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| Jan, 2020 | Amount | Series A - OptimoRoute | Valuation | Prelude Ventures |
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| Jan, 2018 | Amount | Seed - OptimoRoute | Valuation |
investors |
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| 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 |
Investors in OptimoRoute
OptimoRoute has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Prelude Ventures, Pathbreaker Ventures and Anorak Ventures. 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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Climate companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Seed & early stage tech-focused VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Early-stage tech-focused VC firm investing primarily in the US
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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 OptimoRoute
| 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 - OptimoRoute
| 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 |
Optimoroute Comparisons
Competitors of OptimoRoute
OptimoRoute 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 WorkJam, Planday, Reflexis Systems, SIMPRO and Parsable, 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 |
Hourly workforce schedules and communications are managed via software.
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| domain | founded_year | HQ Location |
Workforce scheduling and HR solutions are provided for staffing optimization.
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| domain | founded_year | HQ Location |
AI-based workforce management software is offered for diverse industries.
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| domain | founded_year | HQ Location |
Cloud-based field service management software is offered by SIMPRO.
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| domain | founded_year | HQ Location |
Collaboration software solutions are provided for industrial workers.
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| domain | founded_year | HQ Location |
Fleet, asset, and mobile workforce management solutions are provided.
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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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Latest news on Optimoroute
Frequently Asked Questions about OptimoRoute
When was OptimoRoute founded?
OptimoRoute was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is OptimoRoute located?
OptimoRoute is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of OptimoRoute?
Marin Saric is the current CEO of OptimoRoute. They have also founded this company.
Is OptimoRoute a funded company?
OptimoRoute is a funded company, having raised a total of $10.7M across 4 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Jul 01, 2016.
What does OptimoRoute do?
OptimoRoute was founded in 2012 in Palo Alto, United States. Cloud-based software is offered for route planning and field service scheduling in the logistics sector. Core features encompass route optimization, order import, mid-day integration, and navigation tools. A mobile app for drivers is available on Android and iOS platforms. Services are targeted at distribution, delivery, courier, and transportation operations. Notable clients include Unilever, Telgian, and Southern Star.
Who are the top competitors of OptimoRoute?
OptimoRoute's top competitors include WorkJam, Parsable and Shiftboard.
What products or services does OptimoRoute offer?
OptimoRoute offers Route Planning Software, Driver Mobile App, and Live Tracking Feature.
Who are OptimoRoute's investors?
OptimoRoute has 4 investors. Key investors include Prelude Ventures, Pathbreaker Ventures, Anorak Ventures, and 7percent Ventures.