What is Driftt?
Driftt operates within the Custom Software & IT Services sector, a dynamic field requiring continuous innovation and robust technological solutions. With a team size of 5 to 9 employees and an estimated revenue between $1M to $5M, Driftt is positioned as a focused player in its market. Headquartered in Cambridge, Massachusetts, the company leverages its strategic location within a hub of technological advancement to drive its custom software development and IT services.
How much funding has Driftt raised?
Driftt has raised a total of $15M across 1 funding round:
Series A
$15M
Series A (2015): $15M with participation from CRV, NextView Ventures, Charles River, Founder Collective, and General Catalyst
Key Investors in Driftt
CRV
CRV is a venture capital firm specializing in early-stage tech startups, with a history of investing in over 500 companies since 1970. They act as committed, long-term partners to founders, offering more than just capital.
Founder Collective
Founder Collective is a venture capital fund focused on seed and pre-seed investments, partnering with exceptional entrepreneurs from the idea stage to IPO. They emphasize founder alignment and capital efficiency.
General Catalyst
General Catalyst is a venture capital firm that backs entrepreneurs and management teams pursuing transformational business opportunities across multiple sectors and stages, providing strategic capital and operational support.
What's next for Driftt?
The substantial enterprise-level funding and major strategic investment received by Driftt indicate a strong market validation and a clear path for scaling operations. This capital infusion is expected to fuel further development of its custom software solutions and expand its IT service offerings. Strategic partnerships and continued technological innovation will likely be key priorities as Driftt aims to solidify its market position and pursue further growth opportunities in the competitive custom software and IT services industry.
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