Gridwise, Inc.

Gridwise, Inc. is a technology firm offering innovative solutions for gig workers in the rideshare and delivery sectors through its mobile application, which optimizes earnings and driving efficiency. Founded in 2016, Gridwise, Inc. is located in Pittsburgh, US, and specializes in providing a mobile app tailored for gig workers.

The company has executed 7 deals, with its latest funding round, Series A, raising USD 14. 75 mn on April 4, 2022. Notably, the funding was led by Crosslink Capital, joined by investors such as Autotech Ventures and others. The founding team includes Brian Finamore and Ryan Green, both of whom have experience in the tech industry.

Gridwise offers a comprehensive mobile application designed specifically for gig workers, particularly in the rideshare and delivery sectors. The app allows users to track their mileage and earnings, providing personalized insights to help identify the most profitable opportunities. It consolidates data from multiple platforms into a single interface, optimizing users' driving schedules and zones while offering real-time information on peak demand times. Targeted at major metropolitan areas in the US, it serves drivers for services like Uber and Lyft, as well as delivery drivers for companies like Uber Eats and DoorDash.

Gridwise generates revenue through a subscription model, offering various service tiers. Users can download a basic version of the app for free, which includes essential features for tracking mileage and earnings. For advanced functionalities, the Gridwise Plus plan is available, providing enhanced performance insights and exclusive benefits. This model allows the company to cater directly to gig workers' needs, fostering a user community of over 500,000 individuals.

In April 2022, Gridwise, Inc. secured USD 14. 75 mn in Series A funding to enhance its features aimed at gig workers and to expand its enterprise business. The company plans to develop new functionalities for the app, with a focus on better supporting its users.

The funding will also facilitate expansion into new geographic markets, targeting areas where gig work is on the rise, although specific regions have yet to be disclosed.