# DriverUp

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

- Industry: Retail
- Headquarters: Austin, US
- Website: www.driverup.com
- Total disclosed funding: $70M
- Latest round: Series B (Sep 24, 2015)
- Investors on record: 3

## About

DriverUp is a technology company specializing in software solutions that improve operational efficiency for businesses across various sectors, offering tools for project management, customer relationship management, and data analytics.Founded in 2012, DriverUp is based in Austin, US, and focuses on enhancing business operations through software solutions. The company has raised USD 20.00 mn in Series B funding from investors, including SF Capital Group, RRE Ventures, and Emerald Development Managers as of September 24, 2015. The company has completed a total of 2 deals.DriverUp provides tailored software solutions designed to enhance operational efficiency for businesses. Their core offerings include project management tools, customer relationship management (CRM) software, and data analytics platforms, aimed at improving workflows and decision-making processes. The primary clientele comprises small to medium-sized enterprises (SMEs) and large corporations, especially in technology, retail, and healthcare sectors, with marketing efforts focused primarily in North America, Europe, and Asia.DriverUp's revenue model is based on subscription services, direct sales, and strategic partnerships. Clients access a tiered subscription plan for different service levels, with both monthly and annual billing options. Their flagship products, including proprietary project management software and advanced CRM solutions, are priced to accommodate varying business sizes, ensuring market accessibility. The company employs both B2B and direct-to-consumer transaction structures, allowing it to meet individual and larger enterprise needs while sustaining ongoing product development and support.DriverUp plans to leverage the recent USD 20.00 mn raised in Series B financing to develop new products and expand into new markets. The company is focused on launching additional software solutions that streamline operations for its clients. Additionally, it aims to enter the European market by 2024 to cater to a broader clientele. The funding will support these product developments and market expansions.

## Funding rounds

- Series B, Sep 24, 2015, $20M — RRE Ventures, SF Capital Group, Emerald Development Managers
- Series A, Feb 23, 2015, $50M — RRE Ventures, Emerald Development Managers

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A, Series B
- Emerald Development Managers (https://capitalatlas.ai/funds/emerald-development-managers) — Series A, Series B
- SF Capital Group — Series B