Drop (Application) Overview

  • Founded
  • 2015
Founded
  • Status
  • Private
  • Employees
  • 77
Employees
  • Latest Deal Type
  • Series B
  • Latest Deal Amount
  • $44M
Latest Deal Amount
  • Investors
  • 24

Drop (Application) 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 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.

Contact Information

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

Drop (Application) Timeline

2017201820192020
Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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Drop (Application) Valuation & 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
To view Drop (Application)’s complete valuation and funding history, request access »

Drop (Application) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of a rewards application designed to help users to earn points when they shop. The company's application offer
Other Services (B2C Non-Financial)
Toronto, Canada
77 As of 2019
000.00
00000000000 000.00

000 0000

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00000000000 00000000
Toronto, Canada
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Drop (Application) Competitors (1)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
000 000000 Corporation Toronto, Canada
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Drop (Application) Executive Team (6)

Name Title Board Seat Contact Info
Darren Fung Chief Technology Officer
Cameron Dearsley Co-Founder & Head of Design
Esther Park Head of Marketing
Ian Logan JD Vice President, Engineering
Derrick Fung Co-Founder & Chief Executive Officer
You’re viewing 5 of 6 executive team members. Get the full list »

Drop (Application) Board Members (2)

Name Representing Role Since
Mark Fernandes Sierra Ventures Board Member 000 0000
To view Drop (Application)’s complete board members history, request access »

Drop (Application) Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-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 (Application) Investors (24)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
CRCM Ventures Venture Capital Minority 000 0000 000000 0
Evolution VC Partners 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 Asset Manager Minority 000 0000 000000 0
You’re viewing 5 of 24 investors. Get the full list »

Drop (Application) Investments & Acquisitions (2)

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

Drop (Application) Subsidiaries (1)

Company Name Industry Location Founded
000000 0000 Media and Information Services (B2B) Toronto, Canada 0000
To view Drop (Application)’s complete subsidiaries history, request access »