What is Drive.fm?
Drive.fm, operating as Drivetime, Inc., is at the forefront of developing innovative voice-based gaming experiences designed for drivers. Headquartered in San Francisco, California, the company was established in 2018 with the mission to transform idle moments in traffic into engaging and interactive sessions. By leveraging voice technology, Drive.fm aims to enhance the in-car entertainment landscape, offering a unique value proposition in the rapidly evolving automotive technology market.
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
MakersFund
Makers Fund is an investor in the gaming industry, likely focusing on companies that innovate within interactive entertainment and emerging technologies.
Fuel Capital
Fuel Capital is a technology-focused private equity firm specializing in growth-stage companies and mid-cap buyouts, with a strong emphasis on sectors like ICT, advanced manufacturing, medtech, and cleantech. Their investment in Drive.fm suggests a belief in the company's potential for significant scaling and market disruption.
What's next for Drive.fm?
The recent major strategic investment signals a pivotal moment for Drive.fm, likely enabling the company to accelerate its product development, expand its user base, and forge deeper partnerships within the automotive industry. This infusion of capital is expected to fuel further innovation in voice game technology and solidify its market position. The company's focus on creating engaging experiences for drivers stuck in traffic positions it to capitalize on the increasing connectivity and entertainment features within vehicles.
See full Drive.fm company page
