Tech Company Financing Transactions

Dropoff Funding Round

Dropoff closed a $8.5 million Series B investment round on 5/10/2017. Investors included Fulcrum Equity Partners, Correlation Ventures and Greycroft Partners.

Transaction Overview

Company Name
Dropoff
Announced On
5/10/2017
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Series B
Investors

Fulcrum Equity Partners (Lead Investor) (James Douglass)

Correlation Ventures

Greycroft Partners (Paul Bricault)

Proceeds Purpose
The completed Series B comes on heels of announcing expansion to three new markets -- San Diego, Fort Worth, and Nashville -- bringing the number of cities Dropoff serves to 15. The funds will be used in large part to ultimately expand to 50 markets.

Company Information

Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
800 Brazos St. 250
Austin, TX 78701
USA
Phone
(844) 437-6763
Website
www.dropoff.com
Email Address
Not Recorded
Overview
Dropoff - Same-Day Delivery for Business. Delivering almost anything same day for businesses in Austin and Houston. We offer unmatched reliability, convenience and service.
Profile
Dropoff LinkedIn Company Profile
Social Media
Dropoff Company Twitter Account
Company News
Dropoff News
Facebook
Dropoff on Facebook
YouTube
Dropoff on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Sean Spector
  Sean Spector LinkedIn Profile  Sean Spector Twitter Account  Sean Spector News  Sean Spector on Facebook
Chief Financial Officer
Rey Madolora
  Rey Madolora LinkedIn Profile  Rey Madolora Twitter Account  Rey Madolora News  Rey Madolora on Facebook
Chief Technical Officer
Neil Seth
  Neil Seth LinkedIn Profile  Neil Seth Twitter Account  Neil Seth News  Neil Seth on Facebook
VP - Human Resources
Sarah McGettigan
  Sarah McGettigan LinkedIn Profile  Sarah McGettigan Twitter Account  Sarah McGettigan News  Sarah McGettigan on Facebook
VP - Operations
Stewart Pickard
  Stewart Pickard LinkedIn Profile  Stewart Pickard Twitter Account  Stewart Pickard News  Stewart Pickard on Facebook
VP - Sales
Gabe Hensley
  Gabe Hensley LinkedIn Profile  Gabe Hensley Twitter Account  Gabe Hensley News  Gabe Hensley on Facebook

 

 

Browse more venture capital transactions:

Prev: 5/10/2017: Solovis venture capital transaction
Next: 5/10/2017: Updox venture capital transaction

 

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About Our Venture Capital Transactions Database

We document all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.

 

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