About RideTandem
RideTandem is a company based in Birmingham (United Kingdom) founded in 2019 by Alex Shapland Howes, Tatseng Chiam, and Huw McLeod. It operates as a Mobility-as-a-Service, and Managed Services. RideTandem has raised $5.7 million across 3 funding rounds from investors including Seedrs, European Space Agency and Blackfinch Ventures. The company has 11 employees as of March 31, 2022. RideTandem offers products and services including Warehouse Shuttles, Corporate Shuttles, and School Transport.
- Headquarter Birmingham, United Kingdom
- Employees 11 as on 31 Mar, 2022
- Founders Alex Shapland Howes, Tatseng Chiam, Huw McLeod
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Collectivetech Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.7 M (USD)
in 3 rounds
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Latest Funding Round
$2.83 M (USD), Series A
Jul 03, 2023
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Investors
Seedrs
& 11 more
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Employee Count
11
as on Mar 31, 2022
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Products & Services of RideTandem
RideTandem offers a comprehensive portfolio of products and services, including Warehouse Shuttles, Corporate Shuttles, and School Transport. 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.
Shuttle services are provided for warehouse workforce transport.
Corporate shuttle services are offered for employee commuting.
School transport services are managed for student commuting.
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Funding Insights of RideTandem
RideTandem has successfully raised a total of $5.7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.83 million completed in July 2023. 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 A — $2.8M
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First Round
First Round
(15 Jul 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - RideTandem | Valuation | Blackfinch Ventures | |
| May, 2022 | Amount | Seed - RideTandem | Valuation | 1818 Venture Capital | |
| Jul, 2020 | Amount | Seed - RideTandem | Valuation | Sustainable Accelerator , European Space Agency |
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| 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 RideTandem
RideTandem has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Seedrs, European Space Agency and Blackfinch 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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Early-stage venture capital is offered by First Monday VC.
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Founded Year | Domain | Location | |
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AI and climate tech co-investments are syndicated for angel investors.
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Founded Year | Domain | Location | |
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Early and growth-stage digital companies are funded across multiple sectors.
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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 RideTandem
| 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 - RideTandem
| 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 |
Ridetandem Comparisons
Competitors of RideTandem
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ridetandem
Frequently Asked Questions about RideTandem
When was RideTandem founded?
RideTandem was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is RideTandem located?
RideTandem is headquartered in Birmingham, United Kingdom. It is registered at Birmingham, England, United Kingdom.
Who is the current CEO of RideTandem?
Alex Shapland Howes is the current CEO of RideTandem. They have also founded this company.
Is RideTandem a funded company?
RideTandem is a funded company, having raised a total of $5.7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $689.7K, raised on Jul 15, 2020.
How many employees does RideTandem have?
As of Mar 31, 2022, the latest employee count at RideTandem is 11.
What does RideTandem do?
Tech-enabled shuttle bus services are offered by RideTandem for employers, recruitment agencies, schools, and universities. Fully managed workplace and educational transport solutions are provided at scale through a network of trusted operators. Innovative technology, including ticketing apps and data analytics, is utilized to enhance service efficiency. Sectors served include corporate, warehouse, and educational institutions, with a focus on sustainability and recruitment support. Services are backed by 247 customer support to ensure seamless operations.
What products or services does RideTandem offer?
RideTandem offers Warehouse Shuttles, Corporate Shuttles, and School Transport.
Who are RideTandem's investors?
RideTandem has 12 investors. Key investors include Seedrs, European Space Agency, Blackfinch Ventures, First Monday VC, and Raspberry.