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OverDrive company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Commerce / Music, Video, Books & Entertainment
overdrive.com

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Founded Year

1986

Stage

Acq - Fin | Alive

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About OverDrive

OverDrive is a full-service digital distributor of eBooks, audiobooks, music, and video. The company delivers secure management, DRM protection, and download fulfillment services for hundreds of publishers and thousands of libraries, schools, and retailers, serving millions of end-users globally.

OverDrive Headquarter Location

One OverDrive Way

Cleveland, Ohio, 44125,

United States

Latest OverDrive News

An E-Commerce Aggregator Raises $325 Million To Put Its Acquisition Spree Into Overdrive

Nov 23, 2021

E-commerce aggregator  Benitago Group —once a two-man, seven-figure e-commerce business—has raised $325 million in Series A funding in a combination of equity and debt, the company just announced. CoVenture , an asset management firm, led the round. “Benitago Group is rare in its ability to buy and build businesses,” says Ali Hamed, a partner in CoVenture. “Their capacity to launch products gave us the hypothesis they are not only good at buying and running businesses but also builders.” Benitago Group, based in New York City, raised a previous $55 million round of debt and equity from CoVenture, which has invested in a handful of aggregators. Benitago Group used that funding to acquire other Amazon brands and now owns a portfolio of about 12 brands in consumer packaged goods, including Supportiback, a posture-protecting device. The company currently has a run rate of about $200 million, according to co-founder Santiago Nestares. Santiago Nestares Lampo and Benedict Dohmen started Benitago Group with Supportiback, a back-support ... [+] product they created that sells on Amazon. Benitago Group Hamed said Benitago’s ability to navigate supply chain issues in the marketplace and attention to detail and efficiency were factors that made the investment attractive. "If you are a small seller, supply chain has gotten harder," Hamed says. "Amazon has limited storage in its warehouses. The people who scale have been able to manage their cash flow and inventory. "  Nestares and co-founder Benedict Dohmen, who met at Dartmouth, founded the New York City-based brand in 2016. It has been an early player in the currently hot trend of rolling up small Amazon brands into a stable. “We’re looking at Amazon-only brands that have untapped growth potential—that’s the overarching theme,” says Nestares. The unicorn company Thrasio has been a prominent example of this approach. MORE FOR YOU

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Research containing OverDrive

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CB Insights Intelligence Analysts have mentioned OverDrive in 1 CB Insights research brief, most recently on Nov 5, 2020.

OverDrive Patents

OverDrive has filed 2 patents.

The 3 most popular patent topics include:

  • Investment funds
  • Light sources
  • Lighting
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/8/2019

3/10/2020

Investment funds, Printed circuit board manufacturing, Lighting, Spinning, Light sources

Grant

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00/00/0000

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Application Date

5/8/2019

00/00/0000

Grant Date

3/10/2020

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Title

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Related Topics

Investment funds, Printed circuit board manufacturing, Lighting, Spinning, Light sources

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Status

Grant

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OverDrive Web Traffic

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