2024 Revenue
$1.6M(Est.)
Funding
$6.5M
Team
32
Founded
2018
Empower Revenue & Funding (2024)
Empower generated an estimated $1.6M in annual revenue in 2024. Source: GetLatka estimate
Empower's mission is to transform the "Gig Economy" so that hard-working Americans can earn a sustainable living. This transformation begins with the rideshare industry. To do that, Empower has built innovative software that allows drivers to set their own rates and collect and keep 100% of the fare. Empower's software also enables riders to indicate what matters most to them. By decentralizing pricing and providing riders with greater choice, Empower's software is able to suggest the driver that is the best match for a rider, not simply the driver that is closest to them.
Empower is revolutionizing the transportation industry. Not by providing transportation, but by selling software that puts transportation decisions back into the hands of drivers and riders. Empower provides the information and tools that drivers need to take control of their financial future and the choices that riders need to safely and affordably get from point A to point B. With Empower, both drivers and riders
Last updated
Empower Revenue
In 2024, Empower's revenue reached $1.6M. The company previously reported $953.4K in 2023. Since its launch in 2018, Empower has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Empower Hit $1.6m revenue in October 2024 | Estimated |
| 2023 | Empower Hit $953.4k revenue in December 2023 | Estimated |
| 2021 | Empower Hit $1.1m revenue in April 2021 | Not recorded |
| 2018 | Launched with $0 revenue |
Empower Valuation, Funding Rounds
Empower has not publicly disclosed its valuation. The company has raised $6.5M in total funding to date.
Empower has raised $6.5M in total funding across 5 rounds, with its most recent round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Funding round | $4M | - | - | Not recorded |
| 2020 | Funding round | $1.7M | - | - | Not recorded |
| 2020 | Funding round | $300.9K | - | - | Not recorded |
| 2020 | Funding round | $170K | - | - | Not recorded |
| 2019 | Funding round | $318.5K | - | - | Not recorded |
Founder / CEO
Joshua Sear
CEO
Building a team of passionate, committed, positive and honest people to transform the Gig Economy
Customers
We do not have customer count information for Empower yet.
Empower Employees & Team Size
Empower employs approximately 32 people as of 2026, up from 28 in 2023, including 1 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 32 employees (October 2024) | Not recorded |
| 2023 | Reached 28 employees (December 2023) | Not recorded |
| 2022 | Reached 28 employees (December 2022) | Not recorded |
| 2021 | Reached 40 employees (December 2021) | Not recorded |
| 2021 | Reached 21 employees (April 2021) | Not recorded |
Frequently Asked Questions about Empower
What is Empower's revenue?
As of 2024, Empower generated an estimated $1.6M in annual revenue.
Who founded Empower?
Empower was founded by Joshua Sear.
Who is the CEO of Empower?
The CEO of Empower is Joshua Sear.
How much funding does Empower have?
Empower raised $6.5M across 5 rounds.
How many employees does Empower have?
As of 2024, Empower had 32 employees.
Where is Empower headquartered?
Empower is headquartered in McLean, Virginia, United States.
Compare Empower to the industry
Empower operates across multiple industries. Browse revenue, funding, and growth data for Empower in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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