OptimoRoute
Latest round
- Series A
Last raised
- Dec 2019
Total raised
- $8.2M
Investors
- 2
About OptimoRoute
OptimoRoute Inc.Founded in 2012, OptimoRoute Inc. is headquartered in Palo Alto, US, focusing on optimizing delivery logistics through their software solutions. The company was co-founded by Frane Saric and Goran Kukolj, with Marin Saric serving as the CEO.OptimoRoute specializes in delivery route planning and field service scheduling, providing a comprehensive software solution designed to optimize logistics for businesses. Their core product allows users to maximize order fulfillment while minimizing costs by considering various factors such as driver skills, vehicle capacities, and job priorities. The platform enables real-time tracking of drivers, customizable notifications for customers, and supports the capture of digital signatures and other documentation through a mobile app. OptimoRoute serves a diverse clientele, including delivery and field service companies across various industries, enhancing operational efficiency in markets such as North America, Europe, and Asia.OptimoRoute generates revenue through a subscription-based model, offering various pricing plans tailored to the needs of businesses of different sizes. Clients can subscribe to the platform to access features such as automated route optimization, workload balancing, and detailed analytics. Transactions typically occur on a recurring basis, with businesses paying for the number of users or vehicles utilizing the service. This structure facilitates scalability, allowing clients to adjust their subscriptions based on operational requirements.In the coming years, OptimoRoute aims to enhance its product offerings with new features designed to improve user experience and operational efficiency. The company is targeting expansion into new markets, particularly in regions across Asia and Europe, with specific plans expected to materialize by late 2023.2 mn will facilitate these initiatives, including product development and market entry strategies.
Who invested in OptimoRoute
2 investors across 1 round
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Funding rounds
Series A
Dec 30, 2019
Amount
$8.2M
Investors
Questions about OptimoRoute
Who invested in OptimoRoute?
OptimoRoute has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has OptimoRoute raised?
OptimoRoute has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did OptimoRoute last raise money?
OptimoRoute's most recent round on record is a Series A, in Dec 2019.
What does OptimoRoute do?
OptimoRoute is a software company.
Where is OptimoRoute headquartered?
OptimoRoute is headquartered in Palo Alto, US.
Which VCs invest in companies like OptimoRoute?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at OptimoRoute's stage. Their profiles are linked below.
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