SwapDrive
Latest round
- Series A
Last raised
- May 2002
Total raised
- $8.3M
Investors
- 3
About SwapDrive
SwapDrive operates as a car subscription service, providing customers with flexible access to a variety of vehicles. The company is headquartered in Washington, US. In June 2008, Symantec Corp acquired SwapDrive for USD 123 mn. The company does not have known subsidiaries or parent companies and has not publicly disclosed any pivots in its business strategy.SwapDrive offers a unique car subscription service that provides customers with access to a wide range of vehicles without the burdens typically associated with ownership, such as down payments, interest costs, and sales taxes. The core product is a subscription model that allows users to select vehicles that align with their lifestyle and budget. This model includes services such as insurance, roadside assistance, vehicle maintenance, and concierge services all bundled into a single monthly fee.SwapDrive generates revenue through its subscription-based model, where customers pay a fixed monthly fee for vehicle access and associated services. This structure ensures a steady income as clients often commit to plans that last six months or longer. Customers' monthly payments cover the vehicle and additional services like maintenance and insurance, facilitating a seamless automotive experience.The most recent deal involving SwapDrive occurred in June 2008, when Symantec Corp acquired the company for USD 123 mn. While specific future product launches or geographic expansions were not provided, the acquisition suggests potential strategies for growth under Symantec's portfolio. Further details on how this acquisition may influence SwapDrive's strategies and initiatives were not disclosed.
Who invested in SwapDrive
3 investors across 4 rounds
See all investors in SwapDrive
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about SwapDrive
Who invested in SwapDrive?
SwapDrive has 3 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SwapDrive raised?
SwapDrive has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did SwapDrive last raise money?
SwapDrive's most recent round on record is a Series A, in May 2002.
What does SwapDrive do?
SwapDrive operates as a car subscription service, providing customers with flexible access to a variety of vehicles.
Where is SwapDrive headquartered?
SwapDrive is headquartered in Washington, US.
Which VCs invest in companies like SwapDrive?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back hardware companies at SwapDrive's stage. Their profiles are linked below.
VCs backing hardware startups at Series A
Raising like SwapDrive? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.