Tech Company Financing Transactions
Drip Capital Funding Round
East West Bank, International Finance and GMO Payment Gateway joined a $113 million funding round for Drip Capital. The round was announced on 9/5/2024.
Transaction Overview
Company Name
Announced On
9/5/2024
Transaction Type
Venture Equity
Amount
$113,000,000
Round
Undisclosed
Investors
East West Bank (Lead Investor)
International Finance (Lead Investor)
Proceeds Purpose
The company intends to use the funds for market expansion and to support the development of new products.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
555 Bryant St. 356
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Website
Email Address
Overview
Drip Capital provides financing for small businesses by looking at orders they have yet to fulfill and giving them money they need to fulfill them. For example, an upstart potato chip manufacturer got its break by landing placement in Whole Foods, and Drip provided the capital to help the manufacturer deliver on the order.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Neil Kothari
Chief Executive Officer
Pushkar Mukewar
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We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are sourced from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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