AlgoDriven
Latest round
- Series A
Last raised
- Oct 2021
Total raised
- $2.8M
Investors
- 8
About AlgoDriven
AlgoDriven Limited is focused on delivering advanced automotive data intelligence solutions, enhancing vehicle valuation, management, and inspection with its innovative suite of products. Founded in 2016 in Hong Kong, AlgoDriven Limited specializes in automotive data intelligence.from Oman Technology Fund, Global Ventures, 500 Global, Automotive Ventures, Oraseya Capital, and Social Capital. Financial terms were not disclosed. Co-founders Glenn Harwood and Jaron Crossland bring extensive experience in technology and data analytics to the firm. AlgoDriven specializes in advanced automotive data intelligence, primarily through its flagship products, EvalExpert, DriveExpert, and InspectExpert. EvalExpert is an automated, data-driven car valuation tool that delivers real-time vehicle pricing guidance and comprehensive market insights, addressing the needs of car dealerships, banks, and insurance companies. DriveExpert enhances the management of test drives and loan vehicles, offering analytics to convert more test drives into sales. InspectExpert provides customized inspection software to accurately assess vehicle condition and report damages. These products cater to a diverse client base, including thousands of car dealerships, financial institutions, and leading vehicle marketplaces across regions such as Australia, New Zealand, Southeast Asia, and the MENA region.AlgoDriven generates revenue primarily through subscription-based models for its suite of automotive data solutions, which include EvalExpert, DriveExpert, and InspectExpert. Clients engage with these products through annual or monthly subscriptions, allowing them to access the full range of tools and features tailored to their business needs. The company’s transaction structure is designed for B2B interactions, primarily focusing on dealerships, banks, and insurance firms, which leverage AlgoDriven's technology for vehicle appraisals, pricing analytics, and market insights. Additionally, partnerships with vehicle marketplaces and APIs further expand the reach of AlgoDriven's services, facilitating seamless integration within existing systems. Specific pricing plans and revenue structures are outlined within client agreements, providing comprehensive access to the proprietary data and analytics that underpin AlgoDriven's offerings. The acquisition aims to invest new capital to support expansion into the United States and Latin America and to add deeper artificial intelligence capabilities across the platform.
Who invested in AlgoDriven
8 investors across 4 rounds
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Questions about AlgoDriven
Who invested in AlgoDriven?
AlgoDriven has 8 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has AlgoDriven raised?
AlgoDriven has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did AlgoDriven last raise money?
AlgoDriven's most recent round on record is a Series A, in Oct 2021.
What does AlgoDriven do?
AlgoDriven Limited is focused on delivering advanced automotive data intelligence solutions, enhancing vehicle valuation, management, and inspection with its innovative suite of products.
Where is AlgoDriven headquartered?
AlgoDriven is headquartered in Hong Kong, Hong Kong SAR - China.
Which VCs invest in companies like AlgoDriven?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at AlgoDriven's stage. Their profiles are linked below.
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