About Sfara
Sfara is a company based in Hoboken (United States) founded in 2013.. Sfara has raised $16.5 million across 2 funding rounds from investors including Verizon, Transdev and Lerer Hippeau. Sfara operates in a competitive market with competitors including GreenRoad, Zendrive, Brightmile, drivebuddyAI and SafeMode, among others.
- Headquarter Hoboken, United States
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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
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.5 M (USD)
in 2 rounds
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Latest Funding Round
$11.5 M (USD), Series B
Nov 18, 2021
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Investors
Verizon
& 3 more
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Employee Count
Employee Count
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Funding Insights of Sfara
Sfara has successfully raised a total of $16.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $11.5 million completed in November 2021. 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 Series B — $11.5M
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First Round
First Round
(13 Nov 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Sfara | Valuation |
investors |
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| Nov, 2014 | Amount | Series A - Sfara | Valuation | Verizon |
| 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 Sfara
Sfara has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Verizon, Transdev and Lerer Hippeau. 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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USA focused VC firm investing in seed and early stage startups
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Founded Year | Domain | Location | |
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Mobile and internet services are provided to homes and businesses.
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Founded Year | Domain | Location | |
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Bus operator services for public transportation are provided worldwide.
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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 Sfara
| 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 - Sfara
| 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 |
Sfara Comparisons
Competitors of Sfara
Sfara 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 GreenRoad, Zendrive, Brightmile, drivebuddyAI and SafeMode, 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 |
Fleet telematics and management solutions for safe driving are provided.
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| domain | founded_year | HQ Location |
AI-enabled platform offering driver behavior monitoring and analysis solutions
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| domain | founded_year | HQ Location |
AI-enabled fleet telematics and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Provider of AI, SaaS-enabled driver, and fleet safety management solutions
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| domain | founded_year | HQ Location |
Smartphone distractions are managed by SafeMode for driver safety systems.
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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 Sfara
Frequently Asked Questions about Sfara
When was Sfara founded?
Sfara was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Sfara located?
Sfara is headquartered in Hoboken, United States. It is registered at Hoboken, New Jersey, United States.
Who is the current CEO of Sfara?
Erik Goldman is the current CEO of Sfara.
Is Sfara a funded company?
Sfara is a funded company, having raised a total of $16.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Nov 13, 2014.
What does Sfara do?
Sfara was founded in 2013 in Hoboken, United States, and operates in the driver assistance sector. A cloud-based platform is provided that leverages sensors in smartphones for situational awareness. Proprietary machine learning techniques are employed to analyze driver behavior, with deep learning algorithms used to deliver customized alerts. Operations focus on integrating smart devices to enhance road safety through data-driven insights.
Who are the top competitors of Sfara?
Sfara's top competitors include GreenRoad, Brightmile and Zendrive.
Who are Sfara's investors?
Sfara has 4 investors. Key investors include Verizon, Transdev, Lerer Hippeau, and East Rock Capital.
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