Elevation Capital, Others Invest USD15 Mn In Drivetrain


Elevation Capital, Jungle Ventures, and Venture Highway have invested $15 million in Drivetrain AI, a next-generation financial planning, monitoring, and decision-making platform. This round was attended by over 25 renowned angel investors, advisors, founders, and CXOs of marquee technology companies. The funds will be used by Drivetrain to accelerate product development and expand its go-to-market team.

“Today, finance teams spend up to four weeks every quarter tracking key business metrics and generating reports for their stakeholders. You can’t make decisions on such stale data. Drivetrain enables these companies to consolidate their data and get insights in near real-time. This helps them focus more on forward-looking questions during board meetings,” said Deepak Gaur, Partner at Elevation Capital.

Drivetrain enables businesses to scale and achieve their goals in a predictable manner. According to Gartner, only 13 per cent of organisations identify performance issues before they affect financials, so timely response is critical. Drivetrain’s platform assists finance teams in creating integrated plans, budgets, and forecasts, tracking progress against targets, and identifying growth bottlenecks.

Arpit Beri, Principal at Jungle Ventures stated, “I see Drivetrain becoming a part of the core financial tech stack for growth-stage companies. You need a ‘metrics layer’ where you can simulate and implement your growth strategies, answer strategic questions like what they can do to increase revenue or reduce costs, and guide them towards more predictable outcomes. Drivetrain is delivering that today,”

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