Last deal

$3.2M

Amount

Venture - Series Unknown

Stage

16.08.2013

Date

3

all rounds

$6.1M

Total amount

General

About Company
DriveFactor offers insurance telematics technology solutions for businesses.

Industry

Sector :

Subsector :

founded date

01.01.2010

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

DriveFactor is a consolidated contractors company based in Glen Allen, Virginia, USA. Their platform accepts data from any input method and allows easy sharing with business partners. They provide customized telematics solutions for clients' insurance needs, including a data capture device for vehicles and a consumer-friendly website that shows driving habits and recommendations for improvement. DriveFactor also offers a turn-key software platform for insurance companies to implement usage-based insurance programs. Their platform is statistically more predictive and financially attractive for insurance companies, while also being privacy-sensitive and financially equitable for consumers.
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