Facedrive - M&A Summary and Business Overview

Internet Software And ServicesCompany

Facedrive M&A Summary

Facedrive has acquired 3 companies, including 3 in the last 5 years.

Facedrive’s largest acquisition to date was in 2021, when it acquired Ecocred for $1M. Facedrive has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include internet software and services (100%).

Facedrive Business Overview

Where is Facedrive headquartered?

Facedrive is headquartered in Scarborough, Ontario.

What sector is Facedrive in?

Facedrive is an internet software and services company.

When was Facedrive founded?

Facedrive was founded in 2016.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2

Facedrive, Inc.

100 Consilium Pl, Unit 401,
Scarborough, Ontario M1H 3E3
Canada,
www.facedrive.com

Facedrive, Inc. is a peer-to-peer ridesharing company that currently operates in Toronto/GTA, Hamilton, London and Guelph, Ontario. As a community platform, drivers are real partners in the company, benefitting from uniquely customized incentives and rewards that reflect a dedication to shared success.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 2 1 - - - - 3
vol $1M $1M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Ecocred LLC 2021-04-14 1M USD Divestiture
Chicago, Illinois · www.ecocred.io
Foodora, Inc. 2020-05-14 - Divestiture
Toronto, Ontario · www.foodora.ca
HiRide Share Ltd. 2020-04-07 - Add-on Acquisition
Waterloo, Ontario · www.hiride.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 3 (100%) 1M (100%) - -
Total 3 $1M - -

By Geo

State/Country Buy Value Sell Value
Canada 2 - - -
  Ontario 2 - - -
United States 1 1M - -
  Illinois 1 1M - -
Domestic 2 (67%) - - -
Cross-border 1 (33%) 1M (100%) - -
Total 3 $1M - -

Deal Values

buy # Total
< $100M 1 $1M
TOTAL $1M
Largest Ecocred LLC
$1M (2021-04-14)

M&A Connections

Deals
Acquired from
Strategic(s)
67%
2 (67%)

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