# Zendrive

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.zendrive.com
- Total disclosed funding: $52M
- Latest round: Series B (Aug 20, 2019)
- Investors on record: 9

## About

Zendrive Inc. is a US-based company that specializes in mobility risk intelligence solutions, utilizing extensive driving data to enhance auto insurance offerings and improve driver safety.Founded in 2013, Zendrive Inc. is based in San Francisco, US, and offers innovative mobility risk intelligence solutions. The company has raised a total of USD 37.00 mn in funding, with the latest round being a Series B in August 2019, led by XL Innovate, and supported by investors including Acme Capital, BMW i Ventures, Hearst Ventures, Nyca, SignalFire. Mr. Jonathan Matus serves as CEO and continues to lead the company in its initiatives.Zendrive specializes in advanced mobility risk intelligence solutions, leveraging a robust platform that processes over 200 billion miles of driving data collected from millions of drivers worldwide. Their core offering includes customizable usage-based insurance (UBI) programs that enable insurers to provide personalized insurance quotes based on driving behavior. The platform also automates first notification of loss (FNOL) through smartphone-centric collision detection, significantly enhancing the claims process. Zendrive's services cater to various global markets, including North America, Europe, the Middle East, and Latin America, partnering with insurers to deliver innovative auto insurance solutions. The company’s clientele includes leading digital insurance firms and traditional insurance providers seeking to offer fairer, tailored insurance solutions while reducing collision risks and improving customer engagement.Zendrive generates revenue through strategic partnerships with insurance companies, offering its Mobility Risk Intelligence platform as a subscription-based service. These partnerships allow insurers to incorporate Zendrive's advanced telematics and analytics into their offerings, facilitating personalized insurance pricing and enhanced customer experiences. The business model typically involves B2B transactions, where insurers pay for access to the platform, which includes flagship services such as UBI programs and automated collision notifications. Revenue streams are further supported by integrating Zendrive's technology into clients' existing applications, creating a seamless user experience for end consumers. This structure drives customer acquisition for the insurers and fosters long-term client relationships through value-added analytics and insights derived from driving behavior data.In August 2019, Zendrive Inc. raised USD 37.00 mn in Series B funding, which will be utilized to enhance its mobile driving safety solutions and expand its team across five continents. The company plans to develop new products designed to strengthen its offerings in mobility risk intelligence. Additionally, Zendrive aims to enter new geographic regions, further extending its market reach. Under the leadership of CEO Mr. Jonathan Matus, these initiatives will support the company’s growth strategy and enhance its service delivery.

## Funding rounds

- Series B, Aug 20, 2019, $37M — BMW i Ventures, Hearst Ventures, ACME Capital, XL Innovate, Nyca, SignalFire
- Series A, Feb 4, 2016, $14M — First Round Capital, Thomvest Ventures, BMW i Ventures, Fontinalis Partners, ACME Capital, Nyca
- Seed, Aug 29, 2013, $1.5M — First Round Capital

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A
- Thomvest Ventures (https://capitalatlas.ai/funds/thomvest-ventures) — Series A
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series A, Series B
- Fontinalis Partners (https://capitalatlas.ai/funds/fontinalis-partners) — Series A
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Series A, Series B
- Nyca (https://capitalatlas.ai/funds/nyca) — Series A, Series B
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series B
- XL Innovate (https://capitalatlas.ai/funds/xl-innovate) — Series B
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Series B