Favordrop Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Private

  • Latest Deal Type
  • Early Stage VC

  • Investors
  • 4

Favordrop General Information

Description

Developer of a digital gifting platform designed to help engage customers through text and email. The company's platform uses a patent-pending technology on its payment-feedback system to turn gifting into an interactive, efficient, and trackable experience and offers a time-bound credit that returns to the sender in full if unused before the expiration time and date, enabling clients to instantly send time-bound credits to their customers that can be redeemed with partnering local merchants.

Contact Information

Website
www.favordrop.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1780 Wehrie Drive
  • Suite 101
  • Buffalo, NY 14221
  • United States
+1 (716)
Primary Industry
Business/Productivity Software
Other Industries
Other Financial Services
Financial Software
Media and Information Services (B2B)
Vertical(s)
SaaS, FinTech, Mobile
Corporate Office
  • 1780 Wehrie Drive
  • Suite 101
  • Buffalo, NY 14221
  • United States
+1 (716)

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Favordrop Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC Completed Generating Revenue
2. Seed Round 16-Aug-2023 Completed Generating Revenue
1. Accelerator/Incubator 16-Nov-2021 Completed Startup
To view Favordrop’s complete valuation and funding history, request access »

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Favordrop Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Western New York Venture Association Angel Group Minority
Georgetown Entrepreneurship University
Boston Valley Investments Venture Capital Minority
To view Favordrop’s complete investors history, request access »

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Favordrop FAQs

  • When was Favordrop founded?

    Favordrop was founded in 2021.

  • Where is Favordrop headquartered?

    Favordrop is headquartered in Buffalo, NY.

  • What industry is Favordrop in?

    Favordrop’s primary industry is Business/Productivity Software.

  • Is Favordrop a private or public company?

    Favordrop is a Private company.

  • What is Favordrop’s current revenue?

    The current revenue for Favordrop is .

  • How much funding has Favordrop raised over time?

    Favordrop has raised $800K.

  • Who are Favordrop’s investors?

    , Western New York Venture Association, Georgetown Entrepreneurship, and Boston Valley Investments have invested in Favordrop.

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