About DropOff
DropOff is a company based in Austin (United States) founded in 2014.. DropOff has raised $17.37 million across 4 funding rounds from investors including Horizon Tech Finance, Fulcrum Equity Partners and Greycroft. The company has 133 employees as of December 31, 2022. DropOff has completed 1 acquisition, including Rightaway Delivery. DropOff offers products and services including Same-Day Delivery, On-Demand Delivery, and Overnight Delivery. DropOff operates in a competitive market with competitors including Dispatch, RaRa Delivery, Skipcart, Rickshaw and PartRunner, among others.
- Headquarter Austin, United States
- Employees 133 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Dropoff, 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
$17.37 M (USD)
in 4 rounds
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Latest Funding Round
$30 M (USD), Debt – Venture
Sep 27, 2021
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Investors
Horizon Tech Finance
& 8 more
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Employee Count
133
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of DropOff
DropOff offers a comprehensive portfolio of products and services, including Same-Day Delivery, On-Demand Delivery, and Overnight Delivery. 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.
Offers rapid package delivery within the same day for businesses.
Provides immediate delivery services upon request.
Handles next-day shipping for time-sensitive items.
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Funding Insights of DropOff
DropOff has successfully raised a total of $17.37M across 4 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $30 million completed in September 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 Total Funding
- Total Rounds 4
- Last Round Debt – Venture — $30.0M
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First Round
First Round
(09 May 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Debt – Venture - DropOff | Valuation |
investors |
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| May, 2017 | Amount | Series B - DropOff | Valuation | Fulcrum Equity Partners | |
| Jun, 2015 | Amount | Series A - DropOff | Valuation | Greycroft |
| 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 DropOff
DropOff has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Horizon Tech Finance, Fulcrum Equity Partners and Greycroft. 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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Structured debt is provided to life sciences and technology firms.
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Founded Year | Domain | Location | |
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Private equity investments are managed across the United States.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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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 DropOff
DropOff has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rightaway Delivery. 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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Provider of air, road & sea freight forwarding and logistics transportation services
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1999 |
| 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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - DropOff
| 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 |
Dropoff Comparisons
Competitors of DropOff
DropOff 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 Dispatch, RaRa Delivery, Skipcart, Rickshaw and PartRunner, 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 |
Hyperlocal delivery services for businesses are provided with real-time tracking.
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| domain | founded_year | HQ Location |
On-demand last-mile logistics service provider
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| domain | founded_year | HQ Location |
On-demand hyperlocal delivery platform for businesses
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| domain | founded_year | HQ Location |
B2B delivery services are provided online using algorithms and apps.
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| domain | founded_year | HQ Location |
A logistics platform specializing in big and bulky product transportation.
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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 Dropoff
Frequently Asked Questions about DropOff
When was DropOff founded?
DropOff was founded in 2014.
Where is DropOff located?
DropOff is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is DropOff a funded company?
DropOff is a funded company, having raised a total of $17.37M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.02M, raised on May 09, 2014.
How many employees does DropOff have?
As of Dec 31, 2022, the latest employee count at DropOff is 133.
What does DropOff do?
DropOff was founded in 2014 in Austin, United States, as a provider in the logistics sector. On-demand courier services are offered primarily to businesses through mobile and web platforms. Delivery details are entered by customers to receive upfront pricing quotes. Shipments are tracked using GPS technology, and agents are rated by users to uphold service standards. Operations focus on efficient B2B logistics across the region.
Who are the top competitors of DropOff?
DropOff's top competitors include Dispatch, RaRa Delivery and Rickshaw.
What products or services does DropOff offer?
DropOff offers Same-Day Delivery, On-Demand Delivery, and Overnight Delivery.
How many acquisitions has DropOff made?
DropOff has made 1 acquisition, including Rightaway Delivery.
Who are DropOff's investors?
DropOff has 9 investors. Key investors include Horizon Tech Finance, Fulcrum Equity Partners, Greycroft, Correlation Ventures, and Wild Basin Investments.
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