About Softdrive
Softdrive is a company based in Toronto (Canada) founded in 2019 by Alan Daniels and Leonard Ivey.. Softdrive has raised $800 thousand across 1 funding round from investors including Globalive Capital, ff Venture Capital and Garage Capital. Softdrive offers products and services including Softstream, Softvirt, and Softnet. Softdrive operates in a competitive market with competitors including TeamViewer, Splashtop, Parallels, LogMeIn and Workspot, among others.
- Headquarter Toronto, Canada
- Founders Alan Daniels, Leonard Ivey
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Sectors
Technology
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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 Softdrive Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$800 K (USD)
in 1 rounds
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Latest Funding Round
$800 K (USD), Seed
Aug 19, 2021
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Investors
Globalive Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of Softdrive
Softdrive offers a comprehensive portfolio of products and services, including Softstream, Softvirt, and Softnet. 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.
Enables fast remote desktop access for virtual work environments.
Provides scalable cloud-based virtualization for computing needs.
Offers tools for efficient cloud resource management and deployment.
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Funding Insights of Softdrive
Softdrive has successfully raised a total of $800K through 1 strategic funding round. The most recent funding activity was a Seed round of $800 thousand completed in August 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 1
- Last Round Seed — $800,000
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First Round
First Round
(19 Aug 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - Softdrive | Valuation | ff Venture Capital |
| 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 Softdrive
Softdrive has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Globalive Capital, ff Venture Capital and Garage Capital. 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 technology-enabled companies are invested in by ff Venture Capital.
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Founded Year | Domain | Location | |
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Seed-stage investments are made by Garage Capital across multiple sectors.
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Founded Year | Domain | Location | |
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A global venture capital firm is operated to invest in innovative founders.
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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 Softdrive
| 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 - Softdrive
| 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 |
Softdrive Comparisons
Competitors of Softdrive
Softdrive 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 TeamViewer, Splashtop, Parallels, LogMeIn and Workspot, 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 |
Cloud-based remote desktop access and collaboration are enabled for enterprises.
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| domain | founded_year | HQ Location |
Secure remote access and support software solutions are provided.
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| domain | founded_year | HQ Location |
Cloud based Daas platform
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| domain | founded_year | HQ Location |
Cloud-based remote access and unified communication solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based desktop virtualization platform
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| domain | founded_year | HQ Location |
Cloud-based desktop virtualization solutions are managed for secure access.
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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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Frequently Asked Questions about Softdrive
When was Softdrive founded?
Softdrive was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Softdrive located?
Softdrive is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Softdrive a funded company?
Softdrive is a funded company, having raised a total of $800K across 1 funding round to date. The company's 1st funding round was a Seed of $800K, raised on Aug 19, 2021.
What does Softdrive do?
Softdrive was established in 2019 in Toronto, Canada, within the software-as-a-service sector. Remote desktop access is facilitated through cloud-based technology, allowing enterprises to stream and connect to workstations from mobile devices. Operations focus on secure, scalable solutions for distributed teams. The company is led by co-founders Alan Daniels and Leonard Ivey, with services targeted at business environments requiring flexible remote capabilities.
Who are the top competitors of Softdrive?
Softdrive's top competitors include TeamViewer, Workspot and Splashtop.
What products or services does Softdrive offer?
Softdrive offers Softstream, Softvirt, and Softnet.
Who are Softdrive's investors?
Softdrive has 4 investors. Key investors include Globalive Capital, ff Venture Capital, Garage Capital, and Side Door Ventures.
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