SwapDrive - About the company
SwapDrive is an acquired company based in Washington, DC (United States), founded in 1998 by David Steinberg. It operates as a Car subscriptions with insurance, maintenance, and roadside assistance included. SwapDrive has raised $4.65M in funding from Core Capital Partners. The company has 406 active competitors, including 61 funded and 56 that have exited. Its top competitors include companies like Dropbox, Box and WeTransfer.
Company Details
Car subscriptions with insurance, maintenance, and roadside assistance included. Skip the lease and embrace a new way to drive. This innovative platform offers car subscriptions with everything included: insurance, roadside assistance, vehicle maintenance, and concierge service. Enjoy the freedom of $0 down and 0% APR, unlike traditional leasing or financing. Swap cars to the latest models anytime without penalty. Nationwide delivery is available for longer plans. You can also subscribe to own, getting approved for financing without needing credit and personalizing payments. Select your perfect vehicle, pay a single monthly fee, and drive worry-free. List your vehicle and find your desired car. Easy approvals, full coverage insurance, and no credit needed. This is a subscription service that provides a hassle-free driving experience.
Key Metrics
Founded Year
1998
Location
Washington, DC, United States
Stage
Acquired
Total Funding
$4.65M in 2 rounds
Latest Funding Round
Investors
Ranked
108th among 406 active competitors
Investment & Acquisitions
Exit Details
Acquired by Symantec (Jun 09, 2008)
Legal entities associated with SwapDrive
SwapDrive is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SwapDrive, Inc CIN: 541982466 , United States, Active | Dec 31, 1997 | - | - | - |
SwapDrive's acquisition details
Click here to take a look at SwapDrive's acquisition in detail
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SwapDrive's funding and investors
SwapDrive has raised a total funding of $4.65M over 2 rounds. Its first funding round was on Feb 06, 2001. Its latest funding round was a Series A round on May 01, 2001 for $*****. 2 investors participated in its latest round. SwapDrive has 3 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of SwapDrive:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 01, 2001 | 1888853 | Series A | 1964141 | 2811812 | 4869798 | 2918179 |
Feb 06, 2001 | 4816035 | Series A | 3335871 | 2205191 |
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SwapDrive's founders and board of directors
Founder? Claim ProfileThe founders of SwapDrive is David Steinberg.
Here are the details of SwapDrive's key team members:
- David Steinberg: Co-Founder of SwapDrive.
View details of SwapDrive's Founder profiles and Board Members
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SwapDrive's Competitors and alternates
Top competitors of SwapDrive include Dropbox, Box and WeTransfer. Here is the list of Top 10 competitors of SwapDrive, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Dropbox 2007, San Francisco (United States), Public | Cloud-based enterprise collaboration platform for enterprise file sharing | $607M | 83/100 | |
2nd |  Box 2005, Redwood City (United States), Public | AI based platform for secure collaboration, content management,
and workflow | $693M | 81/100 | |
3rd | WeTransfer 2009, Amsterdam (Netherlands), Acquired | Cloud-based file sharing and file transfer application | $63.8M | 75/100 | |
4th | Egnyte 2006, Mountain View (United States), Series F | Platform that offers data governance and file sharing solutions | $136M | 74/100 | |
5th |  Kiteworks 1999, Palo Alto (United States), Series D | Provider of private data network for secure and compliant data exchange | $650M | 70/100 | |
6th | SpiderOak 2007, Northbrook (United States), Series C | Provider of zero-trust security solutions for data protection and access control | $35M | 69/100 | |
7th |  BitTorrent 2004, San Francisco (United States), Acquired | Cloud-based file sharing software provider | $35.7M | 65/100 | |
8th | pCloud 2013, Baar (Switzerland), Series A | Enterprise cloud storage | $3M | - | 64/100 |
9th |  Crossbeam 2018, Philadelphia (United States), Series C | Solutions for data security and privacy | $117M | 62/100 | |
10th | Hightail 2004, Campbell (United States), Acquired | Cloud solutions for information management, cybersecurity, and application development | $77.7M | 61/100 | |
108th | SwapDrive 1998, Washington, DC (United States), Acquired | Car subscriptions with insurance, maintenance, and roadside assistance included | $4.65M | 32/100 |
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SwapDrive's Investments and acquisitions
SwapDrive has acquired WhaleMail. SwapDrive has not made any investments as of now.News related to SwapDrive
•
Symantec Buys Online Backup Service SwapDrive For $123 Million – TechCrunchTechCrunch+•Jun 10, 2008•Symantec, SwapDrive, Skydesk
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