Zendrive
AcquiredSan Francisco, US · Founded 2013 · Delaware corporation · 13 known investors
Find your way into Zendrive
Zendrive is a San Francisco mobility risk intelligence company using smartphone data to score driving behavior for insurers.
Also known as Zendrive, Inc.
Founders & leadership
Zendrive was founded in 2013 by Jonathan Matus.
Board
Investors · 13
Also in the syndicate · 2
Reported raises · per SEC filings
Form D private placements$15.1M disclosed across 1 of 2 rounds · 2015–2019
▶$15.1MraisedFeb 2016 · 45 investors · Other TechnologyRule 506(c)
- Jonathan MatusExecutive Officer, Director
- Padmasree WarriorDirector
- Max VentillaDirector
- Ran MakavyDirector
- Offering amount
- $15.1M
- Amount sold
- $15.1M
- Minimum investment
- $10K
- Proceeds to insiders
- $150K
- First sale
- Nov 2015
- Incorporated
- Corporation, Delaware, 2013
- Federal exemptions
- 06c
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Zendrive, founded in 2013 and based in San Francisco, is a data and analytics company focused on road safety and mobility risk intelligence. It uses smartphone sensors and patented algorithms, combined with AI and machine learning, to measure driving behavior and produce risk insights that insurers and mobility partners can use for underwriting, loss control and claims processing.
The company's product line includes RiskReveal, a suite of smartphone-based solutions for insurers, and FullStop, a mobile-powered risk solution launched in 2019 that detects stop sign violations and predicts behaviors such as speeding and aggressive acceleration. Zendrive's analysis associated drivers who violate at least one stop sign per month with up to 5.8x higher likelihood of crashing and higher rates of T-bone and head-on collisions.
In 2024, Intuit's Credit Karma agreed to acquire Zendrive's technology, assets and select employees, including CEO Dennis Ellis and co-founder and CTO Pankaj Risbood, to support Credit Karma's usage-based auto insurance product, Karma Drive. Intuit closed the acquisition on July 11, 2024; terms were not disclosed.
Business model
Zendrive sells smartphone-based driving risk analytics to insurers and mobility companies, delivering telematics-derived scores and insights used in underwriting, loss control and claims, with partners reported to gain millions in revenue from its insights.
Traction
Credit Karma partnered with Zendrive from the December 2020 launch of Karma Drive; that program enrolled more than 6 million members and generated more than 4 million discounted policy offers. Zendrive raised $37M in Series B funding in August 2019.
Latest developments
Intuit's Credit Karma agreed in 2024 to acquire Zendrive's technology, assets and certain employees, including CEO Dennis Ellis and CTO Pankaj Risbood, to accelerate its Karma Drive telematics-based auto insurance product. Intuit closed the transaction on July 11, 2024, with terms undisclosed.
▸Full profile — market position, technology, go-to-market, geography
Market position
Described as a mobility risk intelligence provider serving the global insurance market, with a telematics platform adopted by Credit Karma for its Karma Drive usage-based insurance program.
Technology
Smartphone sensor-based telematics with patented algorithms and AI/machine learning models that detect driving behaviors such as stop sign violations, speeding and aggressive acceleration, and translate them into collision risk predictions. Broad data coverage enables high-resolution behavioral measurement.
Go-to-market
Partnership-led distribution through insurers and consumer platforms, with solutions such as FullStop made available to select partners already using the RiskReveal suite.
Insurance carriers and InsureTech companies, plus mobility and consumer finance platforms; named partners include Juno, Grupo Sura, AXA XL and Credit Karma.
Geography
Headquartered in San Francisco, California, with stated plans to grow its team across five continents; partners include operations in the United States and Latin America (Grupo Sura).
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 5
launches, deals, and filingsIntuit stated that it closed the acquisition of Zendrive on July 11, 2024.
Intuit announced an agreement for Credit Karma to acquire technology, assets and select Zendrive employees, including CEO Dennis Ellis and co-founder/CTO Pankaj Risbood, to support the Karma Drive usage-based auto insurance product. Terms were not disclosed; closing was expected in Q4 FY24.
Zendrive raised $37M in Series B funding led by XL Innovate with participation from Hearst Ventures and existing investors ACME Capital, BMW iVentures, NYCA and SignalFire. Funds were earmarked for its mobile driving safety solution and team growth across five continents for the global insurance market.
$37M source ↗
Tom Hutton, who led the Series B round at XL Innovate, joined the Zendrive board of directors.
Zendrive launched FullStop, a mobile-powered risk solution for stop sign violations for the InsureTech industry, available to select partners using its RiskReveal suite.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
Zendrive Circles $13.5M Series Atechcrunch.com · Feb 2016▸Research sources · 5
primary sources listed
- ZENDRIVE | Love Pedallovepedal.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Zendrive do?
- Zendrive is a San Francisco mobility risk intelligence company using smartphone data to score driving behavior for insurers.
- Who founded Zendrive?
- Zendrive was founded by Jonathan Matus in 2013.
- Who are Zendrive's investors?
- Zendrive's investors include ACME Capital, BMW i Ventures, Expansion Venture Capital, Fontinalis Partners, Thompson Hutton, LLC, Trucks VC, First Round Capital, Hearst Ventures and 3 more.
- How much funding has Zendrive raised?
- Zendrive has disclosed $15.1M raised across 1 of its 2 known rounds.
- Where is Zendrive headquartered?
- Zendrive is headquartered in San Francisco, US.