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Drop (Application)

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.

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
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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) 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
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Drop (Application) Subsidiaries (1)

Company Name Industry Location Founded
000000 0000 Media and Information Services (B2B) Toronto, Canada 0000
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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
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Drop (Application) Executive Team (6)

Name Title Board
Seat
Contact
Info
Derrick Fung Co-Founder & Chief Executive Officer
Darren Fung Chief Technology Officer
Cameron Dearsley Co-Founder & Head of Design
Esther Park Head of Marketing
Ian Logan JD Vice President, Engineering

1 Former Executive

You’re viewing 5 of 6 executives. Get the full list »