Driveway Software

Smartphone Based Driving Telematic for UBI

Business Overview

Acquired
Operating Status
Aug 2008
Founded
32
Employees
B2B, B2B2C, B2C
Business Model
Software
Offering Type
Description
Driveway is a robust, smartphone-deployed, cloud-based technology that provides automotive insurers with comprehensive, insured driving data for better pricing intelligence. The technology maximizes the opportunity for lower loss ratios and higher profits.

Founders

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Investors

Investor

Investor Type

Series Preference

Pre-Seed, Seed, Series A, Series B, Series D
Series A, Series E
Seed
Series A, Series B, Series C
Equity, Seed, Series A, Series B

Funding Rounds

$11,600,000
Total Funding

5

Funding Rounds
Series A
Last Funding Series

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Date Announced

Funding Round

Amount Raised

Investors

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$10 M
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$1.3 M
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Exit Events and Acquisitions

Date Announced

Transaction

Consideration

Target

Acquirer

July 2021
Startup Acquisition
Driveway Software
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AI Technology Stack™

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AI Team Size
1
AI Technologies
AI Types
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STATUS
Inactive
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$9,000,000
FUNDING STAGE
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STATUS
Active
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$100,000,000
FUNDING STAGE
Series C
STATUS
Active
FUNDING
$23,300,000
FUNDING STAGE
Series C
STATUS
Active
STATUS
Active
FUNDING
$5,000,000
FUNDING STAGE
Series A
STATUS
Inactive
STATUS
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STATUS
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$38,000,000
FUNDING STAGE
Series B
STATUS
Inactive
STATUS
Inactive
STATUS
Inactive
FUNDING
$1,000,000
FUNDING STAGE
Pre-Seed
STATUS
Active
FUNDING
$500,000
STATUS
Acquired
FUNDING
$515,000,000
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Private Equity
STATUS
Active
FUNDING
$25,600,000
FUNDING STAGE
Series B

Startup Snapshot

Operating Status
Acquired
AI Team Size
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Total Funding
$11,600,000
Founded
August 2008
Funding Stage
Series A
Time Since Last Funding Round
5 years

Competitors

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Fundraising Contact