About CakeDrop
CakeDrop is a company based in London (United Kingdom) founded in 2017 by Nicola Ward and Anna Ward.. CakeDrop has raised $846.85 thousand across 4 funding rounds. The company has 2 employees as of July 31, 2021. CakeDrop offers products and services including Logo Branded Biscuits, Branded Cupcakes, Branded Doughnuts, and Branded Brownie Bites. CakeDrop operates in a competitive market with competitors including Culture Amp, Kwench, Erudit, Actimo and Worksmile, among others.
- Headquarter London, United Kingdom
- Employees 2 as on 31 Jul, 2021
- Founders Nicola Ward, Anna Ward
- Stage Minicorn
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Sectors
TechnologyRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cakedrop Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$846.85 K (USD)
in 4 rounds
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Latest Funding Round
$379.5 K (USD), Seed
Dec 22, 2023
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Investors
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Employee Count
2
as on Jul 31, 2021
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Products & Services of CakeDrop
CakeDrop offers a comprehensive portfolio of products and services, including Logo Branded Biscuits, Branded Cupcakes, Branded Doughnuts, and Branded Brownie Bites. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custom biscuits with logos for corporate and workplace events.
Cupcakes branded for office occasions and seasonal celebrations.
Doughnuts customized for business events and brand activations.
Bite-sized brownies with branding for team gifting and milestones.
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Funding Insights of CakeDrop
CakeDrop has successfully raised a total of $846.85K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $379.5 thousand completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $379,499
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First Round
First Round
(28 Sep 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Seed - CakeDrop | Valuation |
investors |
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| Nov, 2023 | Amount | Seed - CakeDrop | Valuation |
investors |
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| Sep, 2023 | Amount | Seed - CakeDrop | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by CakeDrop
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CakeDrop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cakedrop Comparisons
Competitors of CakeDrop
CakeDrop operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Culture Amp, Kwench, Erudit, Actimo and Worksmile, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Employee experience management platform
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| domain | founded_year | HQ Location |
Employee recognition and engagement are enabled through Kwench platform.
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| domain | founded_year | HQ Location |
Cloud-based suite solutions for employee engagement
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| domain | founded_year | HQ Location |
Cloud-based remote team collaboration management software provider
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| domain | founded_year | HQ Location |
Cloud-based mobile-first platform for employee experience management is utilized.
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| domain | founded_year | HQ Location |
Provides a social collaboration platform for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about CakeDrop
When was CakeDrop founded?
CakeDrop was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is CakeDrop located?
CakeDrop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is CakeDrop a funded company?
CakeDrop is a funded company, having raised a total of $846.85K across 4 funding rounds to date. The company's 1st funding round was a Seed of $183.52K, raised on Sep 28, 2020.
How many employees does CakeDrop have?
As of Jul 31, 2021, the latest employee count at CakeDrop is 2.
What does CakeDrop do?
CakeDrop was founded in 2017 in London, United Kingdom, as a workplace solution provider in the HR technology sector. Automated ordering of cakes and sweets is facilitated for employee milestones, workplace events, and brand activations. Customizable treat experiences are offered, with integration capabilities for existing HRMS systems to support business operations.
Who are the top competitors of CakeDrop?
CakeDrop's top competitors include Culture Amp, Kwench and Actimo.
What products or services does CakeDrop offer?
CakeDrop offers Logo Branded Biscuits, Branded Cupcakes, Branded Doughnuts, and Branded Brownie Bites.
What is CakeDrop's valuation?
The valuation of CakeDrop is $2.46M as of Dec 2023.