DriveQuant
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DriveQuant - overview
Established
2017
Location
Paris, -, France
Primary Industry
Software
About
DriveQuant is a telematics solutions provider that enhances road safety and mitigates environmental impacts through innovative technology, offering a suite of products for the automotive and insurance industries. Founded in 2017 by Philippe Moulin in Paris, France, DriveQuant specializes in smartphone telematics. The company was acquired by FairConnect SA, a portfolio company of Palamon Capital Partners, in November 2020, with financial terms undisclosed. This acquisition involved an investment of up to EUR 5 million over the following three years to support growth.
Philippe Moulin previously founded other companies. DriveQuant specializes in smartphone telematics, offering products such as the DriveKit SDK for app integration of telematics capabilities, Crash Detection technology for rapid incident reporting, and a customizable DriveQuant app for data collection. These products target insurers launching connected insurance programs and mobility companies seeking user engagement through gamification. DriveQuant operates in over 15 countries, having initiated more than 60 telematics programs to promote safer driving and responsible behaviors.
In the most recent fiscal year 2023, DriveQuant reported revenue of USD 1. 49 mn, while the EBITDA for the year 2022 was USD -106,229. 7. Their revenue generation model focuses on partnerships and B2B transactions with insurance companies and mobility service providers, involving subscriptions for their telematics technology and services, including potential transaction fees based on data usage or active users.
DriveQuant aims to expand its product offerings and enhance its market presence. The company plans to launch new products designed to further enhance telematics capabilities, although specific release dates have not been disclosed. Additionally, DriveQuant seeks to penetrate new geographic markets, leveraging the investment from FairConnect SA to support these initiatives. Over the next three years, the company will utilize part of the EUR 5 million investment to foster development and expansion efforts.
Current Investors
FairConnect S.p.A.
Primary Industry
Software
Sub Industries
Application Integration Software, Analytics & Performance Software
Website
www.drivequant.com
Verticals
InsureTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
DriveQuant - timeline of key events
DriveQuant - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 114,447 | 373,676 | 283,514.1 | 314,254.8 | 663,739.3 | - | - | - |
| % Revenue Growth (YoY) | - | 226.5% | (24.1%) | 10.8% | 111.2% | - | - | - |
| EBITDA (USD) | (418,322) | (431,853) | (516,255.1) | (416,255.3) | (255,560.2) | - | - | - |
| Operating Income (USD) | (435,455) | (549,415) | (749,175.8) | (819,881) | (780,425.9) | - | - | - |
| Operating Margin | (380.5%) | (147.0%) | (264.2%) | (260.9%) | (117.6%) | - | - | - |
| % EBITDA Margin | (365.5%) | (115.6%) | (182.1%) | (132.5%) | (38.5%) | - | - | - |
| NET Income (USD) | (414,937) | (499,863) | (750,263.6) | (698,599.9) | (606,583.6) | - | - | - |
| % Net Margin | (362.6%) | (133.8%) | (264.6%) | (222.3%) | (91.4%) | - | - | - |
DriveQuant - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | DriveQuant | - |
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DriveQuant - employee data
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