Drop (Application)
2015
FOUNDED
PRIVATE
STATUS
71-80
EMPLOYEES
Series B
LATEST DEAL TYPE
$44M
LATEST DEAL AMOUNT
23
INVESTORS
Description
Developer of a rewards application designed to help users to earn points when they shop. The company's application offers a personalized loyalty program which helps users to find deals at the places they prefer and automatically get rewarded, enabling users to link their debit and credit cards to automatically redeem points.
Website
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Application Software
Other Industries
Other Services (B2C Non-Financial)
Primary Office
- 120 Front Street East
- Suite 200
- Toronto, Ontario M5A 4L9
- Canada
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Drop (Application) Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Early Stage VC (Series B) | 22-Aug-2019 | $44M | 000.00 | Completed | Generating Revenue | |
| 4. Early Stage VC (Series A2) | 05-Jan-2018 | 0000 | 000.00 | 000.00 | Completed | Generating Revenue |
| 3. Seed Round | 10-Oct-2017 | 00.00 | 00.00 | Completed | Generating Revenue | |
| 2. Accelerator/Incubator | 25-Apr-2017 | $1M | Completed | Generating Revenue | ||
| 1. Early Stage VC | 01-Jan-2016 | $1M | $1M | Completed | Generating Revenue |
Drop (Application) Competitors (1)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| 000 000000 | Corporation | Toronto, Canada |
Drop (Application) Acquisitions (1)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 000000 0000 | 15-Nov-2018 | 000000000000000000 | Media and Information Services (B2B) | 0000000 0000 |
Drop (Application) Subsidiaries (1)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| 000000 0000 | Media and Information Services (B2B) | Toronto, Canada | 0000 |
Drop (Application) Investors (23)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| ChinaRock Capital Management | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Royal Bank of Canada | Corporation | Minority | 000 0000 | 000000 0 | ||
| Eva Lau | Angel (individual) | Minority | 000 0000 | 000000 0 | ||
| Hedgewood | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Highline BETA | Venture Capital | Minority | 000 0000 | 000000 0 |
Drop (Application) Executive Team (6)
1 Former Executive
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