How much did Sheeva.AI raise?

Sheeva.AI raised $9.25 Million in a Series A round on January 19, 2023.

Sheeva.Ai Closes $9.25 Million Series A Funding Round, Powered By Strategic Investment Partners

PRIVATEJan 19, 2023

Amount Raised

$9.25 Million

Round Type

Series A

AlexandriaOtherSoftwareData And AnalyticsInternet ServicesNavigation And Mapping

Description

Sheeva.AI announced today it finalized a $9.25 million Series A funding round, led by strategic investors Reynolds and Reynolds Company, with additional funding from Poppe + Potthoff Capital GmbH and Pegasus Tech Ventures.

Quick answer

Sheeva.AI raised $9.25 Million in a Series A round, dated January 19, 2023. Sheeva.AI is based in Alexandria, Virginia, United States.

How much did Sheeva.AI raise?: Sheeva.AI raised $9.25 Million in a Series A round on January 19, 2023.
What does Sheeva.AI do?: Sheeva.AI’s in-car payments and commerce solution introduces vehicle location-based services to monetize the driver experience.
Where is Sheeva.AI based and how big is it?: Sheeva.AI is based in Alexandria, Virginia, United States.

Source: Fundz verified event record.

Who else raised in Data And Analytics and Internet Services around the same time

Companies in the same sectors as Sheeva.AI that raised within 45 days of this round, from Fundz verified event records.

LeapXpert raised $22M on February 17, 2023.
Mindee raised $7M on February 24, 2023.
Hirelogic raised $6M (Series A) on February 22, 2023.
Ximen Mining raised an undisclosed amount (Funding Round) on February 10, 2023.
Divirod raised $2M (Seed) on February 9, 2023.
Headset, Inc. raised $12M (Seed) on February 6, 2023.

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Company Information

Company

Sheeva.AI

Location

5444 CHIEFTAIN CIRCLE

Alexandria, Virginia, United States

About

Sheeva.AI’s in-car payments and commerce solution introduces vehicle location-based services to monetize the driver experience. Using a patented precise geolocation technology, drivers seamlessly pay for and receive services such as fueling, EV charging, parking, curbside pickup and drive-through via their car’s IVI screen. Sheeva.AI’s technology automatically detects the vehicle at the specific gas pump, parking spot, EV charger, or drive-through lane. Using the Sheeva Open API, it integrates payments directly via the cloud and SDK through a secure digital wallet, requiring no additional hardware and no new apps. Founded in 2016, it is headquartered in Tysons Corner, VA, with key offices in Detroit, MI, as well as New Delhi (India), Dresden (Germany), and Nagoya (Japan).

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What this usually means

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Sheeva.AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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