Tech Company Financing Transactions
Drop Funding Round
Drop closed a $44 million Series B funding round on 8/23/2019. Investors included HOF Capital, New Enterprise Associates and RBC Bank.
Transaction Overview
Company Name
Announced On
8/23/2019
Transaction Type
Venture Equity
Amount
$44,000,000
Round
Series B
Investors
Proceeds Purpose
Drop also plans to use a portion of the Series B to meet industry opportunity head up by expanding past its current Canada and US markets and into Australia and the UK.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
110 E 25th St.
New York, NY 10010
USA
New York, NY 10010
USA
Phone
Undisclosed
Website
Email Address
Overview
Drop is a rewards focused startup operating in the FinTech space.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Derrick Fung
Chief Marketing Officer
Esther Park
Chief Technical Officer
Darren Fung
VP - Bus. Development
Matthew Himel
VP - Engineering
Cameron Dearsley
VP - Engineering
Ian Logan
VP - Operations
Ernest Chi
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