What is Drive.fm?
Drive.fm, operating as Drivetime, Inc., is a technology company focused on developing voice-activated games and applications designed for drivers. Founded in 2018 and headquartered in San Francisco, California, the company aims to enhance the driving experience by providing engaging content that can be interacted with through voice commands, particularly during periods of traffic congestion. This strategic focus positions Drive.fm within the burgeoning in-car entertainment and productivity sector.
How much funding has Drive.fm raised?
Drive.fm has raised a total of $15M across 2 funding rounds:
Angel/Seed
$4M
Series A
$11M
Angel/Seed (2018): $4M, investors not publicly disclosed
Series A (2019): $11M led by MakersFund and Fuel Capital
Key Investors in Drive.fm
Fuel Capital
FUEL Capital is a professional and independent technology-focused private equity investment management firm in China, specializing in growth-stage companies and mid-cap buyout transactions in core technology sectors.
MakersFund
MakersFund is an investor in the company's Series A funding round. Further details on their investment focus are not publicly available.
What's next for Drive.fm?
The substantial enterprise-level funding and recent strategic investment indicate a strong belief in Drive.fm's market potential and technological approach. This capital infusion is likely to fuel further product development, expansion of its game library, and strategic partnerships within the automotive and technology industries. The company is poised to scale its operations and solidify its position as a leader in voice-based in-car experiences, potentially exploring new avenues for driver engagement and data utilization.
See full Drive.fm company page
