What is Gridwise?
Gridwise operates a leading business platform designed for gig economy drivers, offering a comprehensive suite of tools to maximize earnings and meticulously track business performance. The Gridwise app serves approximately 10% of U.S. drivers, providing unique gig-demand insights, earnings and activity tracking, performance reporting, and a marketplace for gig worker benefits. By cultivating one of the largest gig-driver networks in the mobility industry, Gridwise has amassed an unparalleled gig mobility dataset. This strategic data advantage positions the company to capitalize on a substantial $50 billion data-as-a-service (DaaS) opportunity through its Gridwise Analytics division.
How much funding has Gridwise raised?
Gridwise has raised a total of $16M across 2 funding rounds:
Angel/Seed
$3.3M
Series A
$12.7M
Angel/Seed (2020): $3.3M with participation from Quaker Capital, Mountain State Capital, Blue Tree Allied Angels, Reinforced Ventures, 412 Venture Fund, and Switch Ventures
Series A (2022): $12.7M led by Crosslink Capital, Switch Ventures, Mountain State Capital, AutoTech Ventures, and Massive
Key Investors in Gridwise
Crosslink Capital
Crosslink Capital is an investment firm that partners with early-stage founders to build category-defining companies, focusing on seed and Series A investments. They leverage a proprietary network to support portfolio companies.
Switch Ventures
Switch Ventures is a venture capital firm that partners with early-stage founders to build transformative technology companies, offering long-term support and insights to help founders realize their visions.
Mountain State Capital
Mountain State Capital focuses on early-stage companies in software, hardware, services, and life sciences, primarily investing in the greater Appalachian region. They support portfolio companies in achieving growth objectives.
What's next for Gridwise?
The recent major strategic investment signals Gridwise's transition into a scaling phase, likely leveraging this capital to enhance its data analytics capabilities and expand its market reach. Future initiatives may include further development of its platform for gig workers, deepening partnerships with cities and enterprises for data-driven operational improvements, and potentially exploring new verticals within the broader mobility ecosystem. The company's focus on amassing and monetizing gig mobility data suggests a strategic direction towards becoming a central intelligence hub for the gig economy.
See full Gridwise company page
