What is Driftt?
Operating at the intersection of custom software development and specialized IT services, Driftt has established itself as a lean, high-impact organization. With a workforce of 5 to 9 professionals and annual revenue figures ranging between 1M and 5M, the company demonstrates significant operational efficiency. By focusing on bespoke digital solutions, Driftt addresses the complex requirements of modern enterprises, positioning itself as a critical partner for organizations undergoing digital transformation. Its presence in the Cambridge tech ecosystem provides a strategic advantage, allowing the firm to leverage local talent and innovation networks to maintain its trajectory in the enterprise software market.
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 Charles River, General Catalyst, Founder Collective, CRV, and NextView Ventures
Key Investors in Driftt
General Catalyst
A venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors, providing both capital and operational expertise to help companies scale.
Founder Collective
A venture capital fund specializing in seed and pre-seed investments, emphasizing founder alignment and capital efficiency to support startups from inception to IPO.
CRV
A long-standing venture capital firm that invests in early-stage tech startups, offering deep entrepreneurial experience and long-term partnership to help founders build enduring companies.
What's next for Driftt?
With the successful closure of this major strategic investment, Driftt is well-positioned to accelerate its growth initiatives and expand its footprint in the enterprise software domain. The capital will likely be deployed to enhance product development cycles, scale customer acquisition efforts, and refine the company's service offerings to meet the evolving demands of its client base. As the firm transitions into its next phase of maturity, the focus will remain on maintaining capital efficiency while scaling operations to capture a larger share of the IT services market. The backing from high-profile venture capital partners provides not only the necessary financial runway but also the strategic guidance required to navigate the complexities of long-term enterprise growth and market leadership.
See full Driftt company page
