DriverReach, LLC
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DriverReach, LLC - overview
Established
2016
Location
Carmel, IN, US
Primary Industry
Software
About
Based in Indiana, US, and founded in 2016, DriverReach, LLC. operates as a recruiting and compliance management system. Jeremy Reymer is the founder and serves as the CEO of the company as of 2021. In January 2022, DriverReach, LLC.
raised USD 7. 5 million in a series A funding led by new investor Fulcrum Equity Partners, with participation from another new investor, Creative Co Capital. The company has 40 employees as of 2021. The company is the developer of a platform for recruiting and compliance management that connects carriers with competent CDL drivers.
It helps driver recruiters convert leads, hire faster, create connections, and be more productive by providing applicant management, VOE management, reporting, and driver compliance management services. DriverReach generates revenue through its platform subscription packages, which include Basic (USD 501/month), Advanced (USD 592/month), and Premium (USD 683/month). The company plans to use the series A funding received in January 2022 for research and product development of its software platform to expand its offering to enable more compliance and reporting functionality and more integration capabilities. It also intends to add approximately 60 people to its remote workforce over the next three years.
Current Investors
Fulcrum Equity Partners, Creative Co Capital
Primary Industry
Software
Sub Industries
Web Applications, Social Networking & Communication Platform, Analytics & Performance Software, Application Integration Software, HR & Workforce Software
Website
www.driverreach.com
Verticals
Cloud Computing, Mobile Apps, RegTech
Company Stage
Series B
Total Amount Raised
Subscriber access only
DriverReach, LLC - 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, Trade Sale | Completed | DriverReach, LLC | - |
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