# Driveroo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/driveroo

- Industry: Software
- Headquarters: Burlingame, US
- Website: www.driveroo.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Apr 22, 2019)
- Investors on record: 1

## About

Driveroo develops innovative asset inspection and management software to streamline operational processes across industries, enhancing efficiency and safety. The company offers digital tools that facilitate maintenance and compliance checks.Founded in 2016 by Leo Sigal, Driveroo is headquartered in Burlingame, US. The company specializes in asset inspection solutions and received USD 3.10 mn in Seed funding in April 2019 from WS Investments. The firm has completed a total of 1 deal.Driveroo specializes in asset inspection and management software designed to enhance operational efficiency across various industries. The company's flagship offerings include digital inspection tools that facilitate preventive maintenance, automate safety checks, and streamline issue detection to minimize unplanned downtime. These tools are utilized by a diverse customer base, including construction firms, government entities, municipalities, warehouse and distribution centers, transportation services, rental companies, and educational institutions. The software serves end-users by simplifying the data collection process, ensuring compliance with safety regulations, and providing real-time visibility into the condition of assets. Driveroo's solutions are deployed in markets including the United States, Canada, Australia, and various countries across Europe and Asia, targeting sectors where equipment reliability and safety are paramount.Driveroo generates revenue primarily through subscription-based models, which provide clients with access to its inspection and maintenance management software. Each subscription may include various service tiers that cater to different operational needs, enabling businesses to select plans aligned with their specific requirements and asset volumes. Transactions typically involve B2B relationships, where companies purchase licenses for the software based on the number of assets or users. These transactions can encompass multiple product offerings, such as asset performance management tools, condition reporting systems, and compliance tracking services. Pricing structures are designed to accommodate varying scales of operations, thus allowing organizations to optimize their expenditure on asset management while enhancing operational efficiencies.In April 2019, Driveroo raised USD 3.10 mn in Seed funding from WS Investments and an individual investor. The company plans to utilize this funding to enhance product offerings and expand its reach in new markets. Specific strategies include the development of new digital inspection features and expansion into European and Asian markets by the end of 2021.

## Funding rounds

- Seed, Apr 22, 2019, $3.1M — WS Investments

## Investors

- WS Investments (https://capitalatlas.ai/funds/ws-investments) — Seed