What is Gridwise?
Gridwise operates at the intersection of gig mobility and data analytics, offering a comprehensive suite of solutions designed to empower gig workers, cities, and enterprises. The Gridwise app serves as a leading business platform for gig economy drivers, enabling them to optimize earnings and monitor business performance. By aggregating insights from one of the largest gig-driver networks in the mobility industry, Gridwise has amassed an unparalleled gig mobility dataset. This rich data asset positions the company to capitalize on a substantial data-as-a-service (DaaS) opportunity, estimated within a $50 billion market, through its Gridwise Analytics division.
How much funding has Gridwise raised?
Gridwise has raised a total of $16M across 2 funding rounds:
Angel/Seed
$3.3M
Series A
$12.7M
Angel/Seed (2020): $3.3M with participation from Reinforced Ventures, 412 Venture Fund, Mountain State Capital, Switch Ventures, Quaker Capital, and Blue Tree Allied Angels
Series A (2022): $12.7M led by Massive, AutoTech Ventures, Crosslink Capital, Switch Ventures, and Mountain State Capital
Key Investors in Gridwise
Massive
Massive VC is an investment firm that focuses on early-stage funding for transformational companies in inevitable markets, specifically targeting Seed+ to Series B stages. They invest between $1M to $3M in sectors such as the New Space Economy, Data Disruption, Evolved Energy, and Cyber Security.
AutoTech Ventures
Autotech Ventures is an early-stage Silicon Valley venture capital firm with over $270 million under management focused on startups in the $3 trillion global ground transportation industry. The firm provides startups with capital, ground transportation market intelligence, and access to its transportation-focused network.
Crosslink Capital
Crosslink Capital is an investment firm that partners with ambitious early-stage founders to build category-defining companies. With a focus on seed and Series A investments ranging from $1M to $9M, the firm has a diverse portfolio across North America, boasting over 50 exits including 17 IPOs.
What's next for Gridwise?
The recent major strategic investment signals Gridwise's transition into a scaling phase, likely leveraging this capital to enhance its data analytics capabilities and expand its market reach. Future developments may include deeper integration with urban planning initiatives, further development of enterprise-level DaaS solutions, and the introduction of new benefits and tools for gig workers. The company's focus on amassing and monetizing gig mobility data suggests a strategic push towards becoming an indispensable intelligence provider for stakeholders across the entire gig economy ecosystem.
See full Gridwise company page
