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
Transaction Type
Venture Equity
Series B
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
Mailing Address
110 E 25th St.
New York, NY 10010
Email Address
Drop is a rewards focused startup operating in the FinTech space.
Drop LinkedIn Company Profile
Social Media
Drop Company Twitter Account
Company News
Drop News
Drop on Facebook
Drop on YouTube

Management Team

Email & Social
Chief Executive Officer
Derrick Fung
  Derrick Fung LinkedIn Profile  Derrick Fung Twitter Account  Derrick Fung News  Derrick Fung on Facebook
Chief Marketing Officer
Esther Park
  Esther Park LinkedIn Profile  Esther Park Twitter Account  Esther Park News  Esther Park on Facebook
Chief Technical Officer
Darren Fung
  Darren Fung LinkedIn Profile  Darren Fung Twitter Account  Darren Fung News  Darren Fung on Facebook
VP - Bus. Development
Matthew Himel
  Matthew Himel LinkedIn Profile  Matthew Himel Twitter Account  Matthew Himel News  Matthew Himel on Facebook
VP - Engineering
Cameron Dearsley
  Cameron Dearsley LinkedIn Profile  Cameron Dearsley Twitter Account  Cameron Dearsley News  Cameron Dearsley on Facebook
VP - Engineering
Ian Logan
  Ian Logan LinkedIn Profile  Ian Logan Twitter Account  Ian Logan News  Ian Logan on Facebook
VP - Operations
Ernest Chi
  Ernest Chi LinkedIn Profile  Ernest Chi Twitter Account  Ernest Chi News  Ernest Chi on Facebook



Browse more venture capital transactions:

Prev: 8/23/2019: SpotHero venture capital transaction
Next: 8/23/2019: Finch Therapeutics venture capital transaction


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