About OverDrive
OverDrive is a company based in Cleveland (United States) founded in 1986 was acquired by KKR in December 2019. It operates as a SaaS (Software-as-a-Service), and Freemium. The company has 413 employees as of December 31, 2021. OverDrive has completed 3 acquisitions, including Booki.sh, Kanopy and RB Digital. OverDrive offers products and services including Libby, Kanopy, Sora, and TeachingBooks. OverDrive operates in a competitive market with competitors including Scribd, KADOKAWA, VoyceMe, Glose and Youscribe, among others.
- Headquarter Cleveland, United States
- Employees 413 as on 31 Dec, 2021
-
Sectors
Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Overdrive, Inc.
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 OverDrive
OverDrive offers a comprehensive portfolio of products and services, including Libby, Kanopy, Sora, and TeachingBooks. 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.
Access to ebooks and audiobooks is provided for free.
Free movie streaming is offered through public libraries.
Ebooks for K-12 students are made easily accessible.
Reading materials for children are enriched through resources.
Unlock access to complete
Unlock access to complete
Software Development Team
47 people
Product Management Team
15 people
Developer Team
15 people
Sales and Marketing
14 people
Leadership Team
11 people
Account Team
10 people
Team Team
9 people
Creative and Marketing Team
8 people
Unlock access to complete
Funding Insights of OverDrive
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2010 | Amount | Private Equity Round - OverDrive | Valuation |
investors |
| 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 OverDrive
OverDrive has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Rakuten, KKR and Insight 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 |
|---|---|---|---|---|
|
Investment firm scaling software and technology companies from early to late stages.
|
Founded Year | Domain | Location | |
|
Multiple sectors are invested in by this private equity firm.
|
Founded Year | Domain | Location | |
|
Cashback is provided on multi-category products through an app-based platform.
|
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 OverDrive
OverDrive has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Booki.sh, Kanopy and RB Digital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Video-streaming services are offered to libraries and universities.
|
2008 | ||||
|
Print and publishing services are provided by RB Digital.
|
2008 | ||||
|
Cloud-based platform for eBooks distribution and access is provided.
|
1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - OverDrive
| 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 |
Overdrive Comparisons
Competitors of OverDrive
OverDrive 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 Scribd, KADOKAWA, VoyceMe, Glose and Youscribe, 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 |
SaaS-based book reading platform
|
|
| domain | founded_year | HQ Location |
Ebook library & reading platform
|
|
| domain | founded_year | HQ Location |
Online comic books are delivered in multiple genres.
|
|
| domain | founded_year | HQ Location |
E-books are read and annotated socially on the Glose platform.
|
|
| domain | founded_year | HQ Location |
Online platform for digital publishing
|
| 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 Overdrive
Frequently Asked Questions about OverDrive
When was OverDrive founded?
OverDrive was founded in 1986 and raised its 1st funding round 24 years after it was founded.
Where is OverDrive located?
OverDrive is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
How many employees does OverDrive have?
As of Dec 31, 2021, the latest employee count at OverDrive is 413.
What does OverDrive do?
Digital content such as ebooks, audiobooks, and movies is provided by OverDrive to public libraries, schools, and businesses. Services are offered through apps like Libby, Kanopy, Sora, and TeachingBooks, targeting various user groups including library patrons, K-12 students, and educators. Solutions are designed to maximize discoverability and inspire reading, with a focus on transforming library services and meeting educational needs. Partnerships with publishers are established to drive sales and enhance global digital distribution.
Who are the top competitors of OverDrive?
What products or services does OverDrive offer?
OverDrive offers Libby, Kanopy, Sora, and TeachingBooks.
How many acquisitions has OverDrive made?
OverDrive has made 3 acquisitions, including Booki.sh, Kanopy, and RB Digital.
Who are OverDrive's investors?
OverDrive has 3 investors. Key investors include Rakuten, KKR, and Insight Partners.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.