Drop

Drop

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Organization

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Overview

At Drop, we’re on a mission to level-up consumer lives, one reward at a time. Through our personalized commerce platform, we intelligently surface the right brands, at the right time, to make our members’ every day a level better than it was before. Powered by machine learning, we match consumers with our over 400+ partner brands to satisfy two main goals: to earn points from their purchases and redeem them for instant rewards. Calling Toronto home but operating under a global mindset, Drop is building the next level experience for our 4 million+ members across North America, and most recently, the UK.

About

Industries

E-Commerce, Social Media Marketing, Mobile Apps, Digital Marketing, Loyalty Programs, Consumer Research

Founded

2015

Employees

101-250

Headquarters locations

North America

Social

N/A

Profile Resume

Drop headquartered in North America, operates in the E-Commerce, Social Media Marketing, Mobile Apps, Digital Marketing, Loyalty Programs, Consumer Research sector. The company focuses on E-Commerce and has secured $6.7B in funding across 120 round(s). With a team of 101-250 employees, Drop is actively contributing to advancements in E-Commerce. Their latest funding round, Seed Round - Drop, raised $770.0K. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Derrick Fung

Derrick Fung

CEO and Co-founder

imagePlace Jorge Escobedo

Jorge Escobedo

VP Engineering

imagePlace Darren Fung

Darren Fung

Co-Founder & CTO

imagePlace Cameron Dearsley

Cameron Dearsley

Co-Founder & Head of Design

imagePlace Matt Himel

Matt Himel

VP, Enterprise Sales and Strategic Partnerships

imagePlace Tom Zombek

Tom Zombek

VP Data Partnerships

Funding Rounds

Funding rounds

5

Investors

3

Lead Investors

0

Total Funding Amount

$56.2M

Details

4

Drop has raised a total of $56.2M in funding over 4 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2018Early Stage Venture16.8M
2019Early Stage Venture34.3M
2017Seed4.3M
2015Seed770.0K

Investors

Drop is funded by 59 investors.

Investor NameLead InvestorFunding RoundPartners
Rothenberg Ventures-FUNDING ROUND - Rothenberg Ventures770.0K
Adam Plotkin-FUNDING ROUND - Adam Plotkin770.0K
Drop-FUNDING ROUND - Drop770.0K
ff Venture Capital-FUNDING ROUND - ff Venture Capital770.0K

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