Drover - About the company
Drover is an acquired company based in London (United Kingdom), founded in 2015 by Felix Leuschner and Matt Varughese. It operates as an Online-platform offering car-subscription services. Drover has raised $57.7M in funding from investors like RTP Global, Shell and Forward Partners, with last known valuation of $*****. The company has 11 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Wagonex, Voltric and elmo.
Company Details
Drover provides an online platform offering car-subscription services. The platform enables users to lease, buy & sell cars of users' preferences. Users can subscribe to the car by providing rental duration(long or short-term rental), vehicle model, and more. It offers features like insured rides, verification checks, door-step delivery, and more. Also, it offers electric-vehicle subscription services.
- Website
- www.joindrover.com/
- Email ID
- *****@joindrover.com
- Registered Address
- 8 Orsman Road, London, United Kingdom, N1 5QJ
Key Metrics
Founded Year
2015
Location
London, United Kingdom
Stage
Acquired
Total Funding
$57.7M in 6 rounds
Latest Funding Round
Last Known Valuation
$***** as on Sep 23, 2020
Investors
Ranked
1st among 11 active competitors
Employee Count
19 as on Jul 31, 2026
Exit Details
Acquired by Cazoo (Dec 17, 2020)
Legal entities associated with Drover
Drover is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CAZOO SUBSCRIPTION SERVICES LIMITED CIN: 09829742 , United Kingdom, Active | Oct 18, 2015 | - | 4127 (As on Dec 31, 2022) | |
Cazoo Ltd CIN: 11624245 , United Kingdom, Active | Oct 14, 2018 | £1M - £10M (As on Dec 31, 2019) | 1721 (As on Dec 31, 2021) |
Drover's acquisition details
Drover got acquired by Cazoo on Dec 17, 2020.
Click here to take a look at Drover's acquisition in detail
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Drover's funding and investors
Drover has raised a total funding of $57.7M over 6 rounds. Its latest funding round was a Series B round on Sep 23, 2020 for $*****. 1 investor participated in its latest round. Drover has 15 institutional investors and 32 angel investors.
Here is the list of recent funding rounds of Drover:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 23, 2020 | 9912451 | Series B | 9495313 | 4478959 | 1970420 | 6330581 |
Jul 15, 2020 | 7674236 | Series B | 7790864 | 8431779 | 5369928 | |
Jul 17, 2019 | 9535926 | Series B | 3244165 | 5083717 | 4519327 | 6071338 |
View details of Drover's funding rounds and investors
Drover's founders and board of directors
Founder? Claim ProfileThe founders of Drover are Felix Leuschner and Matt Varughese.
Here are the details of Drover's key team members:
- Felix Leuschner: Co-Founder & CEO of Drover and founder of 2 other companies, Venmark and Stylistpick. They are also an angel investor in 7 startups and serve on the board of 1 company.
- Matt Varughese: Co-Founder of Drover. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Drover's Board of Directors
Drover's board has 2 active members. Alexander Edward Chesterman and Stephen Morana are independent board members.Here is the list of Drover's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
oxwjul{ | Team | - | Past | 4y 8m |
rafewqn | Team | - | Past | 7y 4m |
Independent board member | - | Current | 5y 5m | |
usycobh | Independent board member | - | Current | 5y 7m |
bdbs{ac | Independent board member | - | Past | 7y 9m |
pzksfjp | Independent board member | - | Past | 5y 1m |
byjgdq{ | Independent board member | - | Past | 4y 4m |
eqzeiiv | Independent board member | - | Past | 1y 2m |
duzfz{q | Independent board member | - | Past | 7y 6m |
f{fclur | Independent board member | - | Past | 3y 6m |
js{dfla | Independent board member | - | Past | 2y 9m |
mdjklzl | Independent board member | - | Past | 5y 8m |
zpu{gpb | Independent board member | - | Past | 9y 8m |
rukxn{m | Independent board member | - | Past | 6y 8m |
View details of Drover's Founder profiles and Board Members
Drover's employee count trend
Drover has 19 employees as of Jul 26. Here is Drover's employee count trend over the years:
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Drover's Competitors and alternates
Top competitors of Drover include Wagonex, Voltric and elmo. Here is the list of Top 10 competitors of Drover, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Drover 2015, London (United Kingdom), Acquired | Online-platform offering car-subscription services | $57.7M | 58/100 | |
2nd | Wagonex 2016, London (United Kingdom), Series A | Online marketplace providing access to vehicle subscription and leasing options | $5.49M | 40/100 | |
3rd | Voltric 2019, Bristol (United Kingdom), Seed | Provider of subscription-based electric car rental services | - | 31/100 | |
4th | elmo 2019, London (United Kingdom), Funding Raised | Electric vehicle subscription service | - | 30/100 | |
5th | DriveElectric 2015, Marlow (United Kingdom), Acquired | Provider of a platform to hire electric cars | - | - | 27/100 |
6th | WeVee 2019, London (United Kingdom), Deadpooled | Online platform offering electric car-leasing services | $14M | 26/100 | |
7th | EVision Electric Vehicles 2014, Rochester (United Kingdom), Unfunded | Provider of electric car rental services | - | - | 25/100 |
8th | ElectricAuto 2019, Leeds (United Kingdom), Unfunded | Online leasing platform for EVs | - | - | 24/100 |
9th | Car Sloth 2021, Bristol (United Kingdom), Unfunded | Online car subscription platform | - | - | 24/100 |
10th | Openstart 2018, London (United Kingdom), Unfunded | Online-based platform for car-subscription | - | - | 24/100 |
Looking for more details on Drover's competitors? Click here to see the top ones
Drover's Investments and acquisitions
Drover has made no investments or acquisitions yet.
Reports related to Drover
Here is the latest report on Drover's sector:
News related to Drover
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Cazoo Switches Focus to Become ‘Pure Play’ Automotive MarketplacePYMNTS.com•Mar 06, 2024•Cazoo, Drover
•
Cazoo Announces Completion of Debt Restructuring and Related Transactions on December 6, 2023Business Wire•Dec 07, 2023•Cazoo, Drover
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Cazoo Announces All Resolutions Approved at Extraordinary General MeetingBusiness Wire•Nov 21, 2023•Cazoo, Drover
•
Cazoo Launches Exchange Offer Relating to Existing Convertible NotesBusiness Wire•Nov 03, 2023•Cazoo, Drover, US Bank
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World’s first affordable saliva test for COVID-19 provides accurate results under 15 minutesUKTN•Dec 21, 2020•Drover
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Shell Ventures tops up ‘car-as-a-service’ startup Drover’s Series B round with £2.25 millionTech.eu•Oct 14, 2020•Drover, Shell, Target Global, RTP Global and 4 others
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