Tech Company Financing Transactions
HopDrive Funding Round
Cox Enterprises, Acertus and Ally Ventures invested in a $8 million Series A funding round for HopDrive. The round was recorded on 1/24/2023.
Transaction Overview
Company Name
Announced On
1/24/2023
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Series A
Investors
Proceeds Purpose
Funding will be used to accelerate development of HopDrive's technology platform, to make key hires to support its fast-growing customer base, and to fuel a significant increase in the company's nationwide footprint.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1717 East Cary St
Richmond, VA 23223
USA
Richmond, VA 23223
USA
Phone
Website
Email Address
Overview
89% of consumers say that a car maintenance service that picks up and drops off their car from any place at any time is appealing and 67% say that they would switch to a brand that offers concierge pick up and delivery. Our clients more easily attract and retain great clients while consistently increasing their RO size by 40% or more. HopDrive provides an elegant, turnkey solution that automates the way you move cars for your customers - with total transparency for your clients and limited liability for your organization.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nick Mottas
Chief Operating Officer
Daniel Lowery
Chief Technical Officer
Rob Newton
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Where The Data Comes From
We do our best to record all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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