HopSkipDrive Valuation, Funding & Investors
HopSkipDrive is valued at $550M as of August 2021.
Last HopSkipDrive valuation
$550M
Series C · Aug 2021
Last HopSkipDrive funding round
$37M
Series D · Sep 2022
Cumulative funding HopSkipDrive raised
$124M
across 9 funding rounds
Key investors in HopSkipDrive
1776 Ventures
FirstMark
Upfront Ventures
Halogen Ventures
Alumni Ventures
BBG Ventures
About HopSkipDrive
HopSkipDrive is a Los Angeles-headquartered rideshare service transporting K-12 students across 12 states to 16,000 schools. CareDrivers, vetted with 10+ years driving experience, have completed 2 million trips covering 20 million miles under contracts with 400+ districts. Founded in 2014, it schedules rides via app for districts like Los Angeles Unified.
Founded
2014
HQ
Los Angeles, CAWebsite
Status
Privately held
Customer focus
B2G & B2B
Revenue model
Commission
Valuation
$550M (Aug 2021)
HopSkipDrive Valuation
HopSkipDrive is currently valued at $550M, based on its Series C in August 2021.
The $25M round included 1776 Ventures, FirstMark, Keyframe Capital Partners and Energy Impact Partners.
HopSkipDrive valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2021 | Series C | $550M |
HopSkipDrive Funding History
HopSkipDrive has raised a total of $124M across 9 funding rounds.
HopSkipDrive's first fundraising round was a $4M seed round in July 2015. The most recent completed round was a $37M Series D in September 2022.
HopSkipDrive funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2022 | Series D | 1776 Ventures; FirstMark; Keyframe Capital Partners; The Artemis Fund; Alumni Ventures; 1843 Capital; Transform Capital; Energy Impact Partners; Upfront Ventures; Halogen Ventures; GingerBread Capital; Cap Table Coalition | $37M | - | HopSkipDrive is a technology company providing safe, kid-focused transportation solutions for schools and families, addressing complex school transportation challenges with an emphasis on safety, equity, and care. Founded by moms, it connects experienced caregivers with rides for children to activities and school-related needs, operating primarily in the EdTech and transportation sectors. The company has expanded to multiple regions, including recent plans for Atlanta following regulatory changes enabling small vehicle transportation in Georgia. The platform emphasizes childcare-experienced drivers and has grown through strategic hires like a Senior VP of Product with marketplace expertise to advance product strategy. On September 13, 2022, HopSkipDrive raised $37 million in a Series D funding round, bringing total funding to approximately $105.5M to $138M across 7-8 rounds. Competitive context positions it against larger players like Lyft in on-demand transportation. |
| Aug 2021 | Series C | 1776 Ventures; FirstMark; Keyframe Capital Partners; Energy Impact Partners | $25M | $550M | HopSkipDrive is a safe youth transportation platform connecting vetted CareDrivers, who are experienced caregivers, with schools and districts for student rides, positioning itself as a flexible alternative to traditional school buses amid driver shortages. On August 11, 2021, it raised $25 million in a Series C round led by Energy Impact Partners with participation from Keyframe Capital, FirstMark Capital, and 1776 Ventures, marking its largest funding at the time and bringing total capital raised to nearly $95 million at a $550 million valuation. The company operates in 16 markets across nine states, partnering with over 300 schools, districts, and agencies; CareDrivers have logged over 20 million miles and transported 1.4 million riders to more than 6,000 schools. Proceeds from the round support expansion into 30 new markets, route optimization software enhancements for efficiency, and vehicle electrification initiatives, including partnerships for electric vans and buses to transition thousands of CareDrivers to EVs. At the time, 19% of its CareDriver vehicles were hybrid or electric. The funding comes after a tough COVID-19 period with layoffs and an 80% drop in ride volumes, followed by explosive growth as schools reopened and recognized heightened needs for reliable transportation. HopSkipDrive differentiates from general rideshares like Uber through rigorous safety measures, including fingerprint-based background checks and a focus on non-emergency student trips during school hours. Investors highlighted the company's resilience through the pandemic and potential to accelerate school bus electrification and equitable education access. |
| Feb 2020 | Series B | BBG Ventures; 1776 Ventures; Cyrus Capital Partners; Denis Gallagher; FirstMark; Greycroft; State Farm Ventures; Alumni Ventures; 1843 Capital; Gaingels; Halogen Ventures; GingerBread Capital | $22M | - | HopSkipDrive is a Los Angeles-based youth transportation platform connecting certified caregivers with families and schools to provide safe, reliable rides primarily for students, including those experiencing homelessness, in foster care, or with special needs. Founded in 2014 by working mothers, the company differentiates itself from general rideshares like Uber or Lyft by focusing on scheduled school-related trips with rigorous driver vetting, background checks, and safety features. It operates as a cost-efficient alternative to traditional yellow school buses for non-routine needs, bundling technology for route optimization with operational support. In February 2020, HopSkipDrive raised $22 million in a funding round led by State Farm Ventures and Cyrus Capital Partners, with participation from investors including Greycroft, Upfront Ventures, FirstMark Capital, Denis Gallagher, and others such as 1776 Ventures, 1843 Capital, Alumni Ventures, BBG Ventures, Gaingels, GingerBread Capital, and Halogen Ventures. This brought total funding to approximately $44 million since inception. The capital was earmarked for geographic expansion into additional markets, such as the recent Las Vegas launch, and enhancements to safety technology. At the time of the round, HopSkipDrive partnered with over 200 schools, districts, and counties across 13 markets in eight states plus Washington, D.C., including major entities like Los Angeles County child welfare, Seattle Public Schools, and Green Dot Public Schools. It had facilitated over 1 million trips covering more than 7 million safe miles, with a network of over 7,000 contractors and a team of 100+ employees, many with education backgrounds. The prior year saw 4X growth in school district and county ride volume, with 70% of revenue from enterprise contracts providing predictable, contracted income. HopSkipDrive targets the $25 billion U.S. school transportation market, where districts face inefficiencies and budget pressures despite only one-third of students using buses. Its model supports districts in fulfilling flexible needs while offering caregivers schedule control. |
| Sep 2019 | Seed | Alumni Ventures | $2M | - | - |
| Jul 2018 | Series A | 1776 Ventures (lead); Halogen Ventures | $13M | - | - |
| Nov 2017 | Series A | Student Transportation (lead); Skyview Capital; Pritzker Group Venture Capital; FirstMark; Upfront Ventures; WomensVCFund; Halogen Ventures | $7M | - | HopSkipDrive is a technology platform that provides safe, reliable transportation for children, addressing the complex logistics of school and activity transportation for busy families. Founded by three working moms, the company positions itself as a solution that connects children with trained, background-checked drivers who provide supervised transportation with real-time notifications and accountability features for parents. |
| Jan 2016 | Series A | FirstMark (lead); Upfront Ventures (lead); BBG Ventures; 1776 Ventures; Pritzker Group Venture Capital; Greycroft | $10M | - | HopSkipDrive is a student transportation platform that pairs vetted drivers with families and school districts to supplement or replace traditional yellow school bus services. The company was founded by parents seeking a safer, more flexible alternative for student transportation, with a focus on contracted revenue through school district partnerships. By 2020, HopSkipDrive had contracts with school districts in 13 markets across eight states, with 70% of revenue coming from school district partnerships and 30% from family bookings. The company has raised funding from investors including 1776 Ventures, FirstMark Capital, and Upfront Ventures over multiple rounds beginning in 2015-2016. Most recent disclosed funding includes a $37 million Series D round that positioned the company to serve over 400 school districts across 12 states with its RideIQ platform for transportation optimization and route planning. |
| Nov 2015 | Seed | 1776 Ventures (lead) | $4M | - | HopSkipDrive raised a seed funding round of $4.3 million in late 2015. 1776 Ventures participated as an investor in this round and continued investing in later rounds including Series C. The company provides youth transportation solutions, partnering with schools, districts, and government agencies to transport students safely. |
| Jul 2015 | Seed | Upfront Ventures (lead); BBG Ventures; 1776 Ventures; Joanne Wilson; Maveron; FirstMark | $4M | - | HopSkipDrive is a rideshare platform for children that lets parents pre-schedule rides with vetted drivers for transportation between school and activities. The company, founded by parents and launched in late March 2015, focuses exclusively on child transportation with drivers who undergo extensive background checks, fingerprinting, vehicle inspections, and ongoing DMV monitoring. In July 2015, HopSkipDrive closed a $3.9 million seed round led by Upfront Ventures with participation from FirstMark Capital, Maveron, BBG Ventures, angel investor Joanne Wilson, and others. By the time of this funding announcement, the company had grown to over 100 CareDrivers on its platform and had delivered thousands of rides throughout Los Angeles, demonstrating strong month-over-month growth since its March 2015 launch. |
Who has invested in HopSkipDrive?
24 investors have backed HopSkipDrive across its funding rounds, including 1776 Ventures, FirstMark, Upfront Ventures, Halogen Ventures, Alumni Ventures and BBG Ventures.
Lead investors include 1776 Ventures, Student Transportation, FirstMark and Upfront Ventures.
HopSkipDrive Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| United States | 7 | Lead | Jul 2015 | |
| New York City, NY | 6 | Lead | Jul 2015 | |
| Los Angeles, CA | 4 | Lead | Jul 2015 | |
| Los Angeles, CA | 4 | Participant | Nov 2017 | |
| New York City, NY | 3 | Participant | Jul 2015 | |
| United States | 3 | Participant | Sep 2019 | |
| Chicago, IL | 2 | Participant | Jan 2016 | |
| New York City, NY | 2 | Participant | Aug 2021 | |
| New York City, NY | 2 | Participant | Jan 2016 | |
| United States | 2 | Participant | Feb 2020 | |
| New York City, NY | 2 | Participant | Aug 2021 | |
| San Francisco, CA | 2 | Participant | Feb 2020 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Joanne Wilson | New York City, NY | 1 | Participant | Jul 2015 |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialHopSkipDrive Competitors
HopSkipDrive competitors include listed companies like Socar, GO, Martı and Dida, and private ones like Zoom Ride and Hurb.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Detroit, MI | Private | - | - | $349M | - | |
 South Korea | Publicly listed | $343M | $72M | $301M | - | |
 Japan | Publicly listed | $266M | $49M | $1.7B | 5.3x | |
 Turkey | Publicly listed | $39M | ($23M) | $176M | 3.8x | |
 China | Publicly listed | $75M | $18M | $160M | - | |
 Rio de Janeiro | Private | - | - | $546M | - |
HopSkipDrive Public Comps
HopSkipDrive is still privately-owned, but its public comps include eDreams ODIGEO, Nerdwallet, Hypoport, Maoyan Entertainment, Cars.com, DIP, Wirtualna Polska, trivago, Gloo and En.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $770M | $161M | 1.1x | 1.1x | 5.4x | 5.3x | |||
| $837M | $112M | 0.6x | 0.6x | 4.7x | 3.6x | |||
| $694M | $78M | 0.8x | 0.8x | 6.9x | 6.8x | |||
| $691M | $124M | 0.1x | 0.1x | 0.7x | 1.0x | |||
| $723M | $157M | 1.4x | 1.4x | 6.5x | 4.8x | |||
| $353M | $85M | 1.5x | 1.5x | 6.1x | 7.4x | |||
| $585M | $102M | 1.4x | 1.3x | 8.1x | 5.6x | |||
| $632M | $13M | 0.5x | 0.5x | 24.3x | 10.9x | |||
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Common questions about HopSkipDrive
| When was HopSkipDrive founded? | HopSkipDrive was founded in 2014. |
| Where is HopSkipDrive headquartered? | HopSkipDrive is headquartered in Los Angeles, CA, United States. |
| Is HopSkipDrive publicly listed? | No, HopSkipDrive is a private, VC-backed company. |
| What is HopSkipDrive's valuation? | HopSkipDrive was last valued at $550M in its Series C in August 2021. |
| How much funding has HopSkipDrive raised? | HopSkipDrive has raised $124M across 9 funding rounds. |
| What was HopSkipDrive's last funding round? | HopSkipDrive's last funding round was a $37M Series D in September 2022. |
| Who are HopSkipDrive's investors? | HopSkipDrive's investors include 1776 Ventures, FirstMark, Upfront Ventures, Halogen Ventures, BBG Ventures, Alumni Ventures, Pritzker Group Venture Capital, Keyframe Capital Partners, Greycroft, 1843 Capital and 14 others. |
| Which companies are comparable to HopSkipDrive? | Companies comparable to HopSkipDrive include Zoom Ride, Socar, GO, Martı, Dida and Hurb. |
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