About RYD
RYD is a company based in Munchen (Germany) founded in 2014.. RYD has raised $11.87 million across 2 funding rounds from investors including bp and AXA. The company has 45 employees as of December 31, 2020. RYD operates in a competitive market with competitors including Cambridge Mobile Telematics, Quartix, CarIQ, Xirgo Global and LoJack, among others.
- Headquarter Munchen, Germany
- Employees 45 as on 31 Dec, 2020
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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 Thinxnet Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.87 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
bp
& 1 more
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Employee Count
45
as on Dec 31, 2020
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Funding Insights of RYD
RYD has successfully raised a total of $11.87M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(07 Sep 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - RYD | Valuation |
investors |
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| Sep, 2021 | Amount | Series B - RYD | Valuation | BP Ventures |
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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 RYD
RYD has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include bp and AXA. 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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bp is recognized as a global energy company.
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Founded Year | Domain | Location | |
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Insurance and pension solutions are provided by AXA in Switzerland.
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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 RYD
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - RYD
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Ryd Comparisons
Competitors of RYD
RYD 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 Cambridge Mobile Telematics, Quartix, CarIQ, Xirgo Global and LoJack, 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 |
Usage-based data monitoring solutions for the auto insurance industry
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| domain | founded_year | HQ Location |
GPS vehicle tracking and fleet management solutions are provided.
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| domain | founded_year | HQ Location |
Vehicle diagnostics solutions are delivered via a SaaS-based OBD platform.
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| domain | founded_year | HQ Location |
Fleet management solutions and GNSS tracking devices are provided.
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| domain | founded_year | HQ Location |
Tracking and recovery systems for mobile assets are provided.
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| 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 Ryd
Frequently Asked Questions about RYD
When was RYD founded?
RYD was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is RYD located?
RYD is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Who is the current CEO of RYD?
Johannes Martens is the current CEO of RYD.
Is RYD a funded company?
RYD is a funded company, having raised a total of $11.87M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11.87M, raised on Sep 07, 2021.
How many employees does RYD have?
As of Dec 31, 2020, the latest employee count at RYD is 45.
What does RYD do?
RYD was founded in 2014 in Munich, Germany, within the automotive technology sector. A plug-in device is offered that connects to the vehicles OBDII port to monitor and transmit real-time data, including battery voltage, engine faults, fuel consumption, mileage, and theft alerts. An accompanying app for Android and iOS platforms allows trip logging, fuel level checks, price comparisons, payments, and parking reservations.
Who are the top competitors of RYD?
RYD's top competitors include Cambridge Mobile Telematics, Quartix and LoJack.