SaaS based HR tech platform Drive My Way has raised a $4.4 million funding in a Series A round led by First Analysis with participation from existing investors JumpStart Ventures and JobsOhio Growth Capital Fund, in addition to M7 Holdings.
According to the official statement of Drive My Way, this funding will be used to expand the capabilities of its technology platform to enhance the driver and employer experience, accelerate sales and driver community growth, and aggressively grow its team.
"Driver shortages and employee retention challenges have never been more acute for motor carriers. We recognized Drive My Way's innovative model expedites truck driver recruitment by matching attributes of carrier jobs with the attributes most important to drivers. This model ensures better candidate conversion and employee retention," said First Analysis Vice President Terry Kiwala. "We are thrilled to join Drive My Way's team and support this next phase of growth."
Drive My Way was founded in 2016 and the company aims to maintain a driver-first, future-focused candidate experience with tech enabled high touch.