# OptimoRoute

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.optimoroute.com
- Total disclosed funding: $8.2M
- Latest round: Series A (Dec 30, 2019)
- Investors on record: 2

## About

OptimoRoute Inc. develops advanced software for delivery route planning and field service scheduling, enhancing logistics efficiency for businesses across various sectors.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. The company successfully raised USD 8.2 mn in Series A funding on December 30, 2019, led by Prelude Ventures and supported by Congruent Ventures, marking a pivotal moment in its growth. To date, OptimoRoute has completed two funding deals, totaling USD 8.2 mn and currently holds a valuation of USD 22.75 mn.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. The software's capabilities cater to multiple sectors, ensuring businesses can manage both the complexity of route planning and the nuances of customer service effectively.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. The flagship service, OptimoRoute, is designed to streamline logistics operations, contributing to improved customer satisfaction and reduced operational costs.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. The recent Series A funding of USD 8.2 mn will facilitate these initiatives, including product development and market entry strategies.

## Funding rounds

- Series A, Dec 30, 2019, $8.2M — Prelude Ventures, Congruent Ventures

## Investors

- Prelude Ventures — Series A
- Congruent Ventures (https://capitalatlas.ai/funds/congruent-ventures) — Series A