Tech Company Financing Transactions
Dropit Funding Round
Dropit closed a $25 million Series C venture capital round on 11/3/2022. Investors included Vault Investments, Axentia and Sugarbee.
Transaction Overview
Company Name
Announced On
11/3/2022
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series C
Investors
Proceeds Purpose
The new capital will enable Dropit to bolster its go-to-market capabilities, extending its U.S. sales office in Austin, Texas, grow its team to over 100 employees and add key hires for open positions across 12 states to support both brand and mall partners.
Company Information
Company Status
Private & Independent
Industry
Consumer
Mailing Address
US 400 S 4th St
Las Vegas, NV 89101
USA
Las Vegas, NV 89101
USA
Phone
Undisclosed
Website
Email Address
Overview
At Dropit, we love retail. It's humanity's first great success story, and we envision it driving progress, opportunity, and exchange for generations to come. Today's retailers must adapt to gain a competitive edge in the face of sky-high consumer expectations and environmental standards. These stiff challenges make this the perfect moment to elevate retail to the highest level of efficiency and service.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Karin Cabili
Chief Operating Officer
Stuart Ford
Chief Technical Officer
Gal Battat
VP - Finance
Andrew Brummer
VP - Marketing
Eliav Rodman
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Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records on this site are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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