# DriverSide

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.driverside.com
- Total disclosed funding: $10M
- Latest round: Series C (Aug 25, 2010)
- Investors on record: 2

## About

DriverSide is a technology company focused on improving automotive service experience through innovative software solutions, enhancing customer engagement and operational efficiency within the automotive industry.Founded in 2007 by Jack Chen, DriverSide operates from its headquarters in San Francisco, US. The company specializes in providing technology solutions for the automotive sector aimed at streamlining service processes. DriverSide has completed 4 funding rounds, with the most recent being a Series C round on June 1, 2011, raising USD 2.00 mn from investors including AllegisCyber Capital and Catamount Ventures. To date, the total amount raised by the company is USD 2.00 mn, with a current valuation of USD 17.461 mn.DriverSide specializes in innovative technology solutions designed to enhance operational efficiencies in the automotive service industry. Their core offerings consist of a suite of software applications aimed at improving workflow processes, data management, and collaboration. These solutions are tailored for users in sectors such as automotive services, addressing challenges related to service accessibility, customer engagement, and operational compliance. The applications have attracted various clients, including small to medium-sized enterprises and larger corporations in North America and Europe, particularly in technology-driven metropolitan areas like San Francisco, New York City, London, and Berlin.DriverSide’s revenue model is based on subscription services and long-term partnerships with clients. Transactions primarily occur through direct sales, with clients choosing annual or multi-year subscription plans to access the full suite of software solutions. The flagship product, recognized for its robust features and user-friendly interface, is central to these transactions, ensuring a steady revenue stream. Pricing structures are customized to meet diverse client needs and budgets, promoting scalability as businesses evolve and reinforcing strong client relationships.DriverSide plans to enhance its product offerings with upcoming software solutions aimed at further improving service delivery in the automotive sector. Geographically, the company is targeting expansion into new markets, particularly focusing on Asia and South America by 2013. The recent Series C funding will be utilized to support these initiatives, enabling development of new technology and market entry strategies. Additionally, the company was acquired by Advance Auto Parts in 2011, allowing it to leverage its new parent company's resources for growth.

## Funding rounds

- Series C, Aug 25, 2010, $2M — AllegisCyber Capital, Catamount Ventures
- Series B, Mar 12, 2009, $5.3M — AllegisCyber Capital, Catamount Ventures
- Series A, Jul 8, 2008, $3M — Catamount Ventures

## Investors

- Catamount Ventures (https://capitalatlas.ai/funds/catamount-ventures) — Series A, Series B, Series C
- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series B, Series C