Drop (Services (B2C Non-Financial)) Overview

  • Status
  • Private

  • Employees
  • 137

Employees
  • Latest Deal Type
  • 2ndary - Private

  • Investors
  • 28

Drop (Services (B2C Non-Financial)) General Information

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 that 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.

Contact Information

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Services (B2C Non-Financial)
Other Industries
Information Services (B2C)
Application Software
Primary Office
  • 120 Front Street East
  • Suite 200
  • Toronto, Ontario M5A 4L9
  • Canada
+1 (416) 000-0000

Drop (Services (B2C Non-Financial)) Timeline

2019202020212022
Financing RoundCaptured Employee CountEstimated Employee Growth

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Drop (Services (B2C Non-Financial)) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Secondary Transaction - Private 01-Apr-2022 000.00 Completed Generating Revenue
6. Later Stage VC 07-Mar-2022 000.00 000.00 Completed Generating Revenue
5. Later Stage VC (Series B) 07-Mar-2019 000.00 000.00 Completed Generating Revenue
4. Early Stage VC (Series A) 31-Jan-2018 000.00 000.00 Completed Generating Revenue
3. Accelerator/Incubator 25-Apr-2017 00.000 Completed Generating Revenue
2. Seed Round 28-Feb-2017 $4.3M $5.07M Completed Generating Revenue
1. Seed Round 04-Nov-2014 $770K $770K Completed Startup
To view Drop (Services (B2C Non-Financial))’s complete valuation and funding history, request access »

Drop (Services (B2C Non-Financial)) Patents

Drop (Services (B2C Non-Financial)) Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20220156406-A1 Method and system for removing personally identifiable information from transaction histories Pending 16-Nov-2020 00000000000

Drop (Services (B2C Non-Financial)) Executive Team (10)

Name Title Board Seat Contact Info
Shariq Syed Chief Financial Officer
Darren Fung Co-Founder, Chief Technology Officer & Board Member
Paul Crowe Chief Revenue Officer
Cameron Dearsley Co-Founder & Head of Design
Derrick Fung Co-Founder, Chief Executive Officer & Board Member
You’re viewing 5 of 10 executive team members. Get the full list »

Drop (Services (B2C Non-Financial)) Board Members (9)

Name Representing Role Since
Brian Sinclair Self Board Member 000 0000
Darren Fung Drop (Services (B2C Non-Financial)) Co-Founder, Chief Technology Officer & Board Member 000 0000
Derrick Fung Self Co-Founder, Chief Executive Officer & Board Member 000 0000
Eric Martineau-Fortin White Star Capital Board Observer 000 0000
Mark Fernandes Sierra Ventures Board Observer 000 0000
You’re viewing 5 of 9 board members. Get the full list »

Drop (Services (B2C Non-Financial)) Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Drop (Services (B2C Non-Financial)) Investors (28)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Kensington Capital Partners PE/Buyout Minority 000 0000 000000 0
Natureza Growth/Expansion Minority 000 0000 000000 0
Synchrony Ventures Corporate Venture Capital Minority 000 0000 000000 0
Faktory Ventures Venture Capital Minority 000 0000 000000 0
G5 Capital (Greenwich) Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 28 investors. Get the full list »

Drop (Services (B2C Non-Financial)) Investments & Acquisitions (2)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000 14-Jul-2020 00000 0000 00.000 Other Hardware
Canopy Labs 15-Nov-2018 Merger/Acquisition Media and Information Services (B2B) 0000000 0
To view Drop (Services (B2C Non-Financial))’s complete investments and acquisitions history, request access »