AlgoDriven raises $625,000 in its second Seed round

What's the Deal

Priya Wadhwa
What's the Deal
Published:

AlgoDriven raises $625,000 in its second Seed round

The 500 Startups MENA Dojo programme graduate has successfully raised funding.

AlgoDriven, an automotive software startup from Dubai, has raised $625,000 in its second seed funding to increase its market share across the MENA region, as well as expand to Australia and New Zealand.

With the latest round, their total funding to date is $900,000 from three rounds.

The funding round was joined by 500 Startups, Oman Technology Fund, DTEC as well as Silicon Valley-based Social Capital.

Founded in 2017 by Glenn Harwood & Jaron Crossland, AlgoDriven accurately prices cars through data-driven appraisals, vehicle identification solutions, and used car price prediction. Its target audience includes car dealers, finance teams and insurance companies.

The startup recently graduated from 500 Startups’ MENA Dojo programme in Kuwait, that was for startups looking to raise Series A within 6-9 months.