Drover (Automotive) Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 130

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $87.2M

Drover (Automotive) General Information

Description

Developer of a mobility-as-a-service platform designed to hire a car on an all-inclusive subscription basis. The company's platform provides vehicle on hire along with road tax, servicing and breakdown cover, and optional insurance, enabling users to swap, upgrade or downgrade their car monthly or just cancel altogether, without any long-term commitment or steep upfront payments.

Contact Information

Website
www.joindrover.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 8 Orsman Road
  • London N1 5QJ
  • England, United Kingdom
Primary Industry
Automotive
Other Industries
Application Software
Acquirer
Cazoo
Vertical(s)
Mobility Tech, Industrials, Car-Sharing, Ridesharing, Mobile
Corporate Office
  • 8 Orsman Road
  • London N1 5QJ
  • England, United Kingdom

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Drover (Automotive) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 17-Dec-2020 $87.2M Completed Generating Revenue
6. Later Stage VC (Series B) 14-Oct-2020 Completed Generating Revenue
5. Early Stage VC (Series A1) 17-Jul-2019 Completed Generating Revenue
4. Early Stage VC (Series A) 15-Mar-2018 Completed Generating Revenue
3. Seed Round 28-Jul-2017 Completed Startup
2. Accelerator/Incubator 01-Jan-2016 $787K Completed Startup
1. Accelerator/Incubator 27-Nov-2015 $787K $787K Completed Startup
To view Drover (Automotive)’s complete valuation and funding history, request access »

Drover (Automotive) Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
A2 Preferred
A2 Preferred
A2 Preferred
A Preferred
A Preferred
A Preferred
A Ordinary
A Ordinary 2,840 $0.001260 $30.48 $30.48 1x $30.48 0.9%
A Ordinary 20,365 $0.001260 $27.71 $27.71 1x $27.71 6.48%
To view Drover (Automotive)’s complete cap table history, request access »

Drover (Automotive) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a mobility-as-a-service platform designed to hire a car on an all-inclusive subscription basis. The company
Automotive
London, United Kingdom
130 As of 2020

Bannwil, Switzerland
 

Utrecht, Netherlands
 
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Drover (Automotive) Competitors (14)

One of Drover (Automotive)’s 14 competitors is Carvolution, a Venture Capital-Backed company based in Bannwil, Switzerland.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Carvolution Venture Capital-Backed Bannwil, Switzerland
SnappCar Formerly VC-backed Utrecht, Netherlands
Carbar Formerly VC-backed Melbourne, Australia
Curb Mobility Private Equity-Backed Long Island City, NY
FreeNow Venture Capital-Backed London, United Kingdom
You’re viewing 5 of 14 competitors. Get the full list »

Drover (Automotive) Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Drover (Automotive) Former Investors (15)

Investor Name Investor Type Holding Investor Since Participating Rounds
Autotech Ventures Venture Capital Minority
BMW Innovation Lab Accelerator/Incubator
Channel 4 Ventures Corporate Venture Capital Minority
Cherry Ventures Venture Capital Minority
Angel (individual) Minority
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Drover (Automotive) FAQs

  • When was Drover (Automotive) founded?

    Drover (Automotive) was founded in 2015.

  • Where is Drover (Automotive) headquartered?

    Drover (Automotive) is headquartered in London, United Kingdom.

  • What is the size of Drover (Automotive)?

    Drover (Automotive) has 130 total employees.

  • What industry is Drover (Automotive) in?

    Drover (Automotive)’s primary industry is Automotive.

  • Is Drover (Automotive) a private or public company?

    Drover (Automotive) is a Private company.

  • What is the current valuation of Drover (Automotive)?

    The current valuation of Drover (Automotive) is .

  • What is Drover (Automotive)’s current revenue?

    The current revenue for Drover (Automotive) is .

  • How much funding has Drover (Automotive) raised over time?

    Drover (Automotive) has raised $59.3M.

  • Who are Drover (Automotive)’s investors?

    Autotech Ventures, BMW Innovation Lab, Channel 4 Ventures, Cherry Ventures, and are 5 of 15 investors who have invested in Drover (Automotive).

  • Who are Drover (Automotive)’s competitors?

    Carvolution, SnappCar, Carbar, Curb Mobility, and FreeNow are some of the 14 competitors of Drover (Automotive).

  • When was Drover (Automotive) acquired?

    Drover (Automotive) was acquired on 17-Dec-2020.

  • Who acquired Drover (Automotive)?

    Drover (Automotive) was acquired by Cazoo.

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