View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 1, 2014

UK learner driver startup raises £2m

miDrive brings app to help L-platers and instructors.

By Ben Sullivan

miDrive, a startup focused on aiding learner drivers, has announced that it has raised £2 million in Series A funding which brings total investment to £3 million.

Launched in 2013, miDrive aims to reduce the ‘stress and hassle’ faced by the more than 750,000 learner drivers in the UK every year. The free app claims to enable learners to pass their exams more quickly by providing them with tools such as the ability to easily track and review practice drives.

Learners can take advantage of miDrive’s marketplace to find the right driving instructor which can reduce instruction costs by as much as £300.

The new funding will allow miDrive to fuel its momentum by expanding its current Kent-based team of ten people, opening a second office in London and investing more aggressively in growth, both in the UK and internationally. To aid in this effort, miDrive recently hired Eva Binda as Head of Marketing who brings expertise from various roles at Google and Square.

Scott Taylor, CEO of miDrive said: "This additional funding is a great vote of confidence for our vision both in the technology we’re building and the direction we’re pursuing as a team. We’re thrilled to have MBM Capital and Holiday Extras onboard as we work towards reinventing the learning-to-drive process. We look forward to helping even more learners within the UK and soon in new markets."

James D Marshall, Partner at London based private equity firm, MBM Capital added: "The process of getting on the road as a learner driver is frustrating and expensive. We’re excited to work with Scott and the team to save learners hundreds of pounds and help instructors grow their businesses."

Content from our partners
AI is transforming efficiencies and unlocking value for distributors
Collaboration along the entire F&B supply chain can optimise and enhance business
Inside ransomware's hidden costs

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.