๐Ÿฆ„ Unicorner Startup of the Week: Gridwise
 
 โœ๏ธ Notes From The Editors  
This week, we're taking a look at another SaaS app. This time, it's in the rideshare industry. Enjoy!
 
Arek and Ethan ๐Ÿฆ„
 
 
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Rideshare driverโ€™s assistant
 
 
Gridwise is a companion app for drivers of rideshare apps like Uber and Lyft. Drivers have access to a sizable set of features that consolidate common tools and offer new functionality. It also works with businesses to provide analytics, advertising opportunities, and other partnerships.
 
 
๐Ÿ”— Check them out: gridwise.io
 
 
๐Ÿ’ฐ Business Model
Gridwise uses a Freemium SaaS model for its main product. The app is available on the iOS App Store and Google Play Store for free and users can upgrade to Gridwise Plus for $9.99/month or $95.99/year.
 
๐Ÿ“ˆ Traction and Fundraising
  • Raised $12.7 million Series A round from investors including Crosslink Capital, Switch Ventures, Scribble Ventures, Riverfront Ventures, Mountain State Capital, Massive, DashAngels, Autotech Ventures, and 412 Venture Fund
  • Over 300,000 drivers and 10% of U.S. drivers currently using the app 
 
๐Ÿ‘ซ Founders
  • Ryan Green, CEO: Currently Member @ Massive; Previously FX Sales and Training @ PNC, Co-Founder & CEO @ FXConnection, Economic Department Assistant @ United States Naval Academy, Economics @ United States Naval Academy
  • Brian Finamore, CTO: Director of Mobile and Social Products @ YinzCam, Mechanical Design Engineer @ The Boeing Company, Aircraft Systems Engineer @ US Airways, Electrical and Computer Engineering MS @ Carnegie Mellon, Mechanical and Aerospace Engineering BS @ Cornellโ€‹
 
๐Ÿ’ผ Opportunities
 
๐Ÿ”ฎ Our Analysis
As with most budding industries, the novelty of the rideshare industry brings with it new pain points and therefore business opportunities. In particular, Gridwise is addressing the challenges rideshare drivers experience with its app. With free features that provide drivers the ability to track income and mileage, compare rideshare services, and compare locations based on earnings, and paid features like unlimited event tracking and 24-hour airport tracking, the app is building a comprehensive solution for drivers to turn their gig into a business, all from their phone. Moreover, the company is demonstrating viability with adjacent services, such as in-app advertising, anonymized gig mobility data, and resources for drivers. Gridwise is uniquely positioned to provide these services; its scale gives it an advantage over other third-party apps, and its app-agnostic approach gives it a distinct average over built-in rideshare app features. All signs are pointing to a successful future for the company, and weโ€™re excited for the ride.
 
๐Ÿ“š Further Reading
 
 
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