About Drop
Drop is a company based in San Francisco (United States) founded in 2012 was acquired by Corsair in July 2023.. Drop has raised $123.5 million across 4 funding rounds from investors including Kleiner Perkins, Corsair and Leland Stanford Junior University. The company has 35 employees as of December 31, 2022. Drop operates in a competitive market with competitors including Keyboardio, Epomaker, Pimp My Keyboard, The Key Dot Company and Captomise, among others.
- Headquarter San Francisco, United States
- Employees 35 as on 31 Dec, 2022
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Massdrop Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$123.5 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Series C
Jan 09, 2020
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Investors
Kleiner Perkins
& 7 more
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Employee Count
35
as on Dec 31, 2022
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Acquired by
Corsair
(Jul 17, 2023)
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Software Development Team
59 people
Sales and Marketing
48 people
Leadership Team
26 people
Senior Team
24 people
Product Management Team
17 people
Key Team
14 people
Sr. Team
12 people
Finance and Accounting
12 people
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Funding Insights of Drop
Drop has successfully raised a total of $123.5M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $2 million completed in January 2020. 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 Series C — $2.0M
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First Round
First Round
(24 Sep 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series C - Drop | Valuation |
investors |
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| Jun, 2018 | Amount | Series C - Drop | Valuation | Leland Stanford Junior University , DAG Ventures | |
| Aug, 2015 | Amount | Series B - Drop | Valuation | August Capital |
| 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 Drop
Drop has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Kleiner Perkins, Corsair and Leland Stanford Junior University. 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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Mid-stage venture capital investments and support for tech entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses.
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Founded Year | Domain | Location | |
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Mayfield is focused on AI innovation and venture capital investments.
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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 Drop
| 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 - Drop
| 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 |
Drop Comparisons
Competitors of Drop
Drop 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 Keyboardio, Epomaker, Pimp My Keyboard, The Key Dot Company and Captomise, 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 |
Physical computer keyboards are designed and sold by Keyboardio.
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| domain | founded_year | HQ Location |
Offers mechanical keyboards, switches, keycaps, and accessories for online purchase.
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| domain | founded_year | HQ Location |
A direct-to-consumer brand specializing in customized mechanical keyboards.
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| domain | founded_year | HQ Location |
Online store for product sales with order processing and customer support.
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| domain | founded_year | HQ Location |
Offers a proprietary brand of customized keyboards for users.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Drop
Frequently Asked Questions about Drop
When was Drop founded?
Drop was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Drop located?
Drop is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Drop a funded company?
Drop is a funded company, having raised a total of $123.5M across 4 funding rounds to date. The company's 1st funding round was a Series B of $40M, raised on Sep 24, 2014.
How many employees does Drop have?
As of Dec 31, 2022, the latest employee count at Drop is 35.
What does Drop do?
Drop was founded in 2012 and is based in San Francisco, United States. A social community platform with commerce features is operated, where connections among like-minded users are enabled. Collaboration between users and brands is supported to create lifestyle-oriented products. The service functions within the social media and e-commerce sectors, focusing on user-driven product development.
Who are the top competitors of Drop?
Drop's top competitors include Keyboardio, Epomaker and Pimp My Keyboard.
Who are Drop's investors?
Drop has 8 investors. Key investors include Kleiner Perkins, Corsair, Leland Stanford Junior University, DAG Ventures, and August Capital.
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