WE ARE DRVE
We provide capital to drive your online revenue to new heights at our risk, on our bill making it effortless for you.
DRVE has a unique approach that provides capital to drive the growth of our program partners’ companies. For our capital, a provision is charged on online sales as we do not count hours and have no hidden fees. By connecting our bank accounts to your ad accounts, we can deploy up to $50,000 per day towards your paid digital marketing budget.
Our focus at DRVE is to boost online sales growth, leaving offline sales solely attributable to our partners. However, many of our partners have seen their online success translate into offline interest via bricks-and-mortar sales or distributors/retailers, as an added bonus to DRVE’s digital reach.
- Velocity Program – A fully managed program where DRVE funds your paid digital marketing budget and manages your strategy on your behalf, power by our in-house AI system.
- FastForward Program – A co-managed program where DRVE offers funding and expert support to increase your return on ad spend.
The typical founder joining Velocity runs a company with a small team and has an online sales track record of $/€ 25k. Velocity interfaces with your existing brand voice across all channels to synchronize and amplify your online presence.
Additional criteria is:
- A unique product or service sold online
- In business for 6 months or more
- A website built for online sales
- Incorporated in the European Union, Canada, USA, Singapore, Japan, Australia or New Zealand
- Social proof and active content strategy
- Online revenue: $/€ 25k per month
- Industries we look at: consumer goods, luxury/jewellery products, beauty/cosmetics, baby goods, consumer electronics, interior decor, subscription boxes, mass appeal sport equipment, nutrition/supplements and in few cases SaaS or Consumer Services that fit above criteria.
It means we take care of your paid marketing strategy and execution so you can focus on the rest. We reevaluate your strategy so it fits your revenue goals from day one. Our focus is to optimize your paid marketing efforts while your team works on growing your overall marketing and businesses.
DRVE employs a provision structure, which refers to the amount of capital kept for a purpose. In the case of our programs, we charge a percentage on online revenue. This provision percentage represents every DRVE needs to fund and manage your paid marketing activities including the budget itself and all the resources (i.e. systems, people, partnerships, etc) required to make it generate revenue performance.
A provision is typically a charge between 30% and 50% on online revenue. We analyze your data, analytics and your relevant markets to determine a suitable rate that encourages growth.
We accept applications on a rolling basis. Fill out the form here and find out if you qualify for one of our programs.
Once you have qualified, our onboarding process usually takes between 3 – 10 days to integrate all systems, review your existing paid marketing setup and design a strategy. After this, our team will kick off the campaigns and test different channels for growth.
Founders joining FastForward run small companies with at least 10k monthly revenue. The program is ideal for businesses with an online sales track record and a marketing team or appointed marketer, that are seeking to fund their scale and growth.
As part of FastForward, you will manage your paid marketing efforts. To make the most out of the program, you must maintain a healthy inventory and smooth business operations.
As your partner, DRVE will pre-finance your marketing budget and offer insight into how to manage your ad spend. But as an entrepreneur, you’ll take care of the strategy and execution.
We have up to 20 slots available to join our upcoming cohort. Apply here by November 15.
We work with diverse industries and markets so we evaluate the amount we finance on a case by case basis. For FastForward, DRVE charges a flat monthly fee and 4-8% revenue share of your tracked online sales. Once in the program, we’ll review the conditions constantly to ensure you get the support you need.