Target Global et al. co-lead £20.5m round for Drover

Target Global is currently raising from is Target Global Early Stage Fund II, which closed on €120m in February 2020.

The round also saw participation from new investors Channel 4 Ventures and Rider Global, and existing investors Cherry Ventures, BP Ventures, Partech, Version One and Forward Partners.

The fresh capital will go towards investment in technology and hiring.

Drover launched operations in France earlier in 2020.

Previous funding
Forward Partners and Version One invested £2m in a pre-seed round for Drover in 2015.

Cherry Ventures, Partech and BP Ventures co-led a £5.5m funding round for Drover in March 2018. Forward Partners and Version One also participated in the funding round.

Company
Drover is a marketplace company that gives users access to cars of their choice for one all-inclusive monthly subscription price. Founded in 2015, the company is based in London.

People
Drover – Felix Leuschner (CEO); Matt Varughese (chief technology officer).

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