About Droplette
Droplette is a Healthcare company based in Boston (United States) founded in 2017 by Rathi Srinivas and Madhavi Gavini. Smart skincare devices are developed using micro-mist penetration technology. Droplette has raised $39.5 million across 4 funding rounds from investors including Spark Capital, Amplifyher and Visible Ventures. The company has 66 employees. Its chief executive, as recorded, is Madhavi Gavini. Droplette offers products and services including Droplette Device, Collagen Boosting Hydrofiller Capsules, and Retinol Renewer Capsules. Its focus areas include Retail, Beauty Tech, Ecommerce and Appliances & Accessories. Its legal entity is Droplette Inc. Its competitors include ZIIP Beauty, Wethera and Skin Lord Co; 1 of its 3 listed competitors has raised funding.
Company details
Droplette was founded in 2017 and is based in Boston, United States. Operations focus on the skincare sector through provision of smart devices. The core product, a Droplette device, is engineered with fluid dynamics, piezoelectric effects, and Ficks laws of diffusion to generate micro-mists achieving injectable-level penetration. Integration with a mobile app allows skin health monitoring.
- Headquarters Boston, United States
- Employees 66
- Founders Rathi Srinivas, Madhavi Gavini
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website droplette.io
- Social LinkedIn X Facebook Instagram
- Legal Name Droplette Inc.
- Total Equity Funding$39.5M (USD)
in 4 rounds
- Latest Funding Round$21.05M (USD), Series B
Dec 2021
- InvestorsSpark Capital
& 4 more
- Employee Count66
Products & Services of Droplette
Droplette offers a comprehensive portfolio of products and services, including Droplette Device, Collagen Boosting Hydrofiller Capsules, and Retinol Renewer Capsules.
Patented tool for delivering serums deeply into skin layers.
Capsules that enhance skin hydration and reduce fine lines.
Formulas for improving skin texture and addressing dullness.
Funding Insights of Droplette
Droplette has successfully raised a total of $39.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $21.05 million completed in December 2021. 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 $39.5M
- Total Rounds 4
- Last Round Series B — $21.05M
- First Round $800,000
(Jun 2017)
- Investors Count 5
All 4 funding rounds of Droplette with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $21.05M | Series B | – | Spark Capital, Visible Ventures | |
| Aug 2019 | $8.83M | Series A | – | Spark Capital | – |
| Aug 2019 | $8.83M | Series A | – | – | |
| Jun 2017 | $800,000 | Seed | – | MIT Alumni Angels of Boston, Bolt | – |
5 investors in total: 5 institutional.
Investors in Droplette
Droplette has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Spark Capital, Amplifyher and Visible Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Spark Capital is engaged in venture capital investments. | sparkcapital.com | San Francisco, United States | ||
| amplifyherventures.com | ||||
Investments in early-stage businesses are made by Visible Ventures. | visibleventures.com | Hingham, United States | ||
Seed-stage investments in US companies are made by Bolt. | bolt.io | Boston, United States | ||
MIT Alumni Angels is focused on connecting MIT-affiliated startups with angel investors. | 2014 | mitalumniangels.com | Boston, United States |
Investor details for Droplette
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
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People of Droplette
9 people are tracked at Droplette (7 in leadership, 2 in team); the tracked headcount is 66.
| Name | Role | Group |
|---|---|---|
Rathi Srinivas | Co-Founder | Leadership |
Madhavi Gavini | Co-Founder & CEO | Leadership |
Allison Santello | Director of Membership Services | Leadership |
Thea Kocher | Head of Business Development | Leadership |
Michael Nicholas | CMO | Leadership |
Tim Vetter | VP, Software Engineering | Leadership |
Jessica Kudirka | VP Of Finance | Leadership |
Ashley Adams | People Operations | Team |
Susie Kim Riley | Advisor, Investor | Team |
Complete people profiles for Droplette
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Droplette
3 dated milestones of Droplette across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Droplette is founded.
- Funding First funding round of $800K.
- Funding Latest funding round, Series B, of $21.0M.
Competitors of Droplette
Droplette has 3 listed competitors in our database, 1 of them funded. They include ZIIP Beauty, Wethera and Skin Lord Co.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ziipbeauty.com | 2015 | San Francisco, United States | $2.54M | 7 | Skin care accessories are branded and distributed by ZIIP Beauty. | |
| wethera.com | 2022 | Casper, United States | An online beauty brand offering a range of natural skincare products. | |||
| skinlordco.com | 2020 | Arcadia, United States | Operates a direct-to-consumer brand offering smart beauty devices. |
Detailed competitors of Droplette
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Droplette
The website of Droplette (droplette.io) receives about 7.6K visits a month.
- Monthly visits7.6K
▼ 27.1% vs previous month
Websites whose visitors overlap most with Droplette. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
happi.com | happi.com | 100% | #356,519 | – | |
qureskincare.com | qureskincare.com | 100% | – | ||
mynuface.com | mynuface.com | 80% | #283,576 | – |
Top companies in Beauty & Skin Care Platforms
3 companies that operate in the same segment as Droplette (Beauty & Skin Care Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Subscription-based men's grooming products are provided by Harry's. | 2012 | New York, New York, United States | USD 755.88 M | 431 | ||
Hair coloring kits are provided via an internet-first brand. | 2013 | San Francisco, California, United States | USD 248.9 M | 247 | ||
It offers a platform to schedule & manages appointments for beauty services | 2012 | San Francisco, California, United States | USD 168.82 M |
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Related news about Droplette
Complete news archive for Droplette
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Frequently Asked Questions about Droplette
Droplette was founded in 2017.
Droplette is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Madhavi Gavini is the CEO of Droplette, as recorded in our data. They have also founded this company.
Droplette is a funded company, having raised a total of $39.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $800K, raised on Jun 2017.
Droplette has 66 employees.
Droplette was founded in 2017 and is based in Boston, United States. Operations focus on the skincare sector through provision of smart devices. The core product, a Droplette device, is engineered with fluid dynamics, piezoelectric effects, and Ficks laws of diffusion to generate micro-mists achieving injectable-level penetration. Integration with a mobile app allows skin health monitoring.
Droplette's top competitors include ZIIP Beauty, Wethera and Skin Lord Co.
Droplette offers Droplette Device, Collagen Boosting Hydrofiller Capsules, and Retinol Renewer Capsules.
Droplette has 5 investors. Key investors include Spark Capital, Amplifyher, Visible Ventures, Bolt, and MIT Alumni Angels.
Droplette operates through Droplette Inc..