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Drop Labs

Drop Labs
2012 FOUNDED
PRIVATE STATUS
21-30 EMPLOYEES
Series A1 LATEST DEAL TYPE
$12M LATEST DEAL AMOUNT
Description

Developer of digital audio technologies designed to revolutionize audio experience. The company's audio technologies are used in wearable audio system which is based on an audio-synchronized vibration technology, enabling users to experience enhanced audio quality.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Electronics (B2C)
Primary Office
  • 1163 Logan Street
  • Los Angeles, CA 90026
  • United States
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Drop Labs Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC (Series A1) 05-Dec-2016 $12M 000.00 0000 Completed Stealth
2. Early Stage VC (Series A) 25-Nov-2015 000 00.00 0000 Completed Stealth
1. Seed Round 30-Sep-2014 $200K $200K Completed Stealth
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Drop Labs Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series A-1 0,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Series A 0,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Seed 2 45,917 $0.001000 6% $4.36 $4.36 1x $4.36 0.37%
Seed 250,000 $0.001000 6% $1 $1 1x $1 2.04%
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Drop Labs Executive Team (4)

Name Title Board
Seat
Contact
Info
Susan Paley Chief Executive Officer & Board Member
Christopher Long Co-Founder & Chief Financial Officer
Rich Keller Co-Founder

1 Former Executive

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Drop Labs Board Members (4)

Name Representing Role Since Contact
Info
Jonathan Callaghan True Ventures Board Member 000 0000
Ryan McIntyre Foundry Group Board Member 000 0000
Susan Paley Drop Labs Chief Executive Officer & Board Member 000 0000

1 Former Board Member

You’re viewing 3 of 4 board members. Get the full list »