AlgoDriven
Helps car dealers, banks, insurance companies, and motor industry participants accurately inspect, price and identify used cars.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | $2.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
AlgoDriven operates in the automotive industry, providing data-driven software solutions that enhance vehicle inspections, pricing, and appraisals. The company serves a diverse clientele, including car dealers, banks, insurance companies, and other motor industry participants globally. Its business model revolves around proprietary applications like EvalExpert and Axle Inspect, which streamline trades and purchases by offering accurate data and insights. AlgoDriven generates revenue by empowering thousands of car dealerships with appraisal tools and providing pricing data to banks and financial companies. The company also supports leading vehicle marketplaces through its APIs. Its offerings include vehicle specification data, appraisal, evaluation, inspection, and future residual value forecasting. By leveraging comprehensive datasets and market insights, AlgoDriven enables clients to make informed decisions, ultimately driving profitability and efficiency in the automotive sector.
Keywords: automotive, data-driven, vehicle inspections, pricing, appraisals, dealerships, banks, insurance, software, profitability, efficiency.