# Driva

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/driva-pty

- Industry: Financial Services
- Headquarters: Australia
- Website: www.driva.com.au
- Total disclosed funding: $12M
- Latest round: Seed (Sep 16, 2022)
- Investors on record: 5

## About

Based in Darlinghurst, Australia, and founded in 2019, Driva Pty Ltd operates as an online car loan marketplace that matches customers with the best car loan rate from a variety of lenders. The company was co-founded by Will Brown and Scott Montarello. In May 2021, Driva Pty Ltd raised AUD 3 million in Seed funding led by Carthiona Capital, and in March 2022, Driva Pty Ltd raised AUD 6 million in growth funding led by Carthona Capital, with participation from Invictus Ventures.

Driva provides consumer and commercial car loans and offers personalized rates with full transparency on fees, rates, and monthly repayments. The rate will be based on the customers' credit score, choice of vehicle, and employment data. 

The company generates revenue from commissions and fees from lenders. Lenders pay Driva for sending them customers and any fees they pay to the company are included in the customers' quoted monthly repayments. 

Driva plans to use the March 2022 funding round to scale its team from 50 to 100 and invest in its Driva brand.

## Funding rounds

- Seed, Sep 16, 2022, $3.2M — Carthona Capital, Barbera Capital Pty Ltd, Areley Kings Pty. Ltd
- Seed, Mar 7, 2022, $4.4M — Carthona Capital, Wulura Investments Pty Ltd, Barbera Capital Pty Ltd, Areley Kings Pty. Ltd
- Seed, Apr 13, 2021, $4.4M — Carthona Capital, Invictus Ventures, Wulura Investments Pty Ltd, Barbera Capital Pty Ltd, Areley Kings Pty. Ltd

## Investors

- Carthona Capital (https://capitalatlas.ai/funds/carthona-capital) — Seed
- Invictus Ventures (https://capitalatlas.ai/funds/invictus-ventures) — Seed
- Wulura Investments Pty Ltd — Seed
- Barbera Capital Pty Ltd — Seed
- Areley Kings Pty. Ltd — Seed