About DRiP
DRiP is a company based in San Francisco (United States) founded in 2022 by Vibhu Norby.. DRiP has raised $11 million across 2 funding rounds from investors including Coinbase, Anagram and Placeholder. DRiP has completed 1 acquisition, including Vault Music. DRiP operates in a competitive market with competitors including Yuga Labs, MakersPlace, LUDEX, Autograph and Irreverent Labs, among others.
- Headquarter San Francisco, United States
- Founders Vibhu Norby
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Seed
Sep 09, 2024
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Investors
Coinbase
& 14 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of DRiP
DRiP has successfully raised a total of $11M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $8 million completed in September 2024. 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 2
- Last Round Seed — $8.0M
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First Round
First Round
(28 Aug 2023)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - DRiP | Valuation | Coinbase , Progression Fund | |
| Aug, 2023 | Amount | Seed - DRiP | Valuation | Placeholder |
| 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 |
Investors in DRiP
DRiP has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Coinbase, Anagram and Placeholder. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are directed toward social, gaming, entertainment, and social commerce.
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Founded Year | Domain | Location | |
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Alliance is recognized as a leading crypto startup accelerator.
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Founded Year | Domain | Location | |
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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DRiP
DRiP has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vault Music. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Blockchain platform for fan engagement and artist connections is provided.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - DRiP
| 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 |
Drip Comparisons
Competitors of DRiP
DRiP 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 Yuga Labs, MakersPlace, LUDEX, Autograph and Irreverent Labs, 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 |
A marketplace for games, NFTs, and digital collectibles is operated.
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| domain | founded_year | HQ Location |
Digital art products are traded on an online marketplace platform.
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| domain | founded_year | HQ Location |
Alternative investment platform for digitalization of game cards
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| domain | founded_year | HQ Location |
Unique digital collections are created and traded using NFTs.
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| domain | founded_year | HQ Location |
Developer of blockchain-based NFT games
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| domain | founded_year | HQ Location |
Digital card collectibles are traded through an online NFT marketplace.
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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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Latest news on Drip
Frequently Asked Questions about DRiP
When was DRiP founded?
DRiP was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is DRiP located?
DRiP is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of DRiP?
Vibhu Norby is the current CEO of DRiP. They have also founded this company.
Is DRiP a funded company?
DRiP is a funded company, having raised a total of $11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Aug 28, 2023.
What does DRiP do?
DRiP was founded in 2022 in San Francisco, United States, as a platform in the NFT and digital art sector. Art-based collectibles are curated by artists, animators, NFT projects, games, and musicians. Users engage in buying, selling, or storing these NFTs through the Phantom mobile app. Operations focus on facilitating access to curated digital assets in the blockchain ecosystem.
Who are the top competitors of DRiP?
DRiP's top competitors include Yuga Labs, MakersPlace and Art Blocks.
How many acquisitions has DRiP made?
DRiP has made 1 acquisition, including Vault Music.
Who are DRiP's investors?
DRiP has 15 investors. Key investors include Coinbase, Anagram, Placeholder, Alameda Research, and Progression Fund.
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