G
Gridwise
Creating a smarter mobility grid for cities and the stakeholders within them
About Gridwise
Gridwise is a startup that provides a comprehensive app designed specifically for rideshare and delivery drivers. The company aims to enhance the earnings of these drivers by offering tools and insights that help them determine the best times and places to drive. According to Gridwise, their app can increase drivers' earnings by up to 39%.
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The primary clients of Gridwise are rideshare and delivery drivers who work for companies like Uber, Lyft, DoorDash, and similar services. These drivers face various challenges, such as fluctuating passenger demand and the need to maximize their earnings while minimizing downtime. Gridwise addresses these issues by providing real-time data and analytics that help drivers make informed decisions about when and where to drive.
Gridwise operates in the gig economy market, which has seen significant growth in recent years. This market includes independent contractors who provide on-demand services, such as ridesharing and food delivery. The company leverages data analytics to offer actionable insights, helping drivers optimize their schedules and routes.
The business model of Gridwise is based on a freemium approach. The app is free to download and use, but it also offers premium features that users can access through a subscription. These premium features include advanced analytics, mileage tracking, and income protection plans that replace a portion of lost income when drivers are unable to work. Additionally, Gridwise generates revenue through partnerships and advertising, offering businesses the opportunity to reach their user base.
In summary, Gridwise is a valuable tool for rideshare and delivery drivers, helping them increase their earnings and efficiency through data-driven insights. The company operates in the gig economy market and employs a freemium business model, supplemented by partnerships and advertising revenue.
At a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Pittsburgh, United States
- Employees
- 40
- Open positions
- None listed
- Dealroom signal
- 71.0/100
- Sub-industry
- Mobility
- Sector
- Transportation, Information Technology, Automotive, SaaS, On-Demand, Sharing Economy, App, Platform, Ride-Sharing, Micromobility
- Technology
- Big Data, Mobile app
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | May 2022 | $13M | $51M | Riverfront Ventures · Switch Ventures · Scribble Ventures · Crosslink Capital | ↗ |
| SEED✓Equity / VC | Jun 2021 | — | — | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Gridwise is 130K monthly website visits, up 56.6% over the last three months. Gridwise's team declined 2.4% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed9 investors entered at this stage
AlphaLab
Techstars
Seth Goldstein
Innovation Works
Luis von Ahn
Severin Hacker
Mountain State Capital
Switch Ventures
BlueTree Allied Angels
Series A9 investors entered at this stage
Right Side Capital Management
Alumni Ventures
Crosslink Capital
Riverfront Ventures
Scribble Ventures
Autotech Ventures412 Venture Fund
Massive Capital Partners- DADashAngels
Other known investors10 additional known investors
99 Tartans- AVArun Venkatadri
- AKAudrey's Kitchen
Beni VC
Enjoy The Work
Indicator Fund
North 50 Venture Capital
Reinforced Ventures
Riyadh Techstars Accelerator
Startbot
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Gridwise on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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