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
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- Legal Name Dropoff, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
Offers rapid package delivery within the same day for businesses.
Provides immediate delivery services upon request.
Handles next-day shipping for time-sensitive items.
People of DropOff
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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.
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.
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Structured debt is provided to life sciences and technology firms.
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Private equity investments are managed across the United States.
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Investor details for DropOff
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Investments & Acquisitions by DropOff
DropOff has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rightaway Delivery.
Investment portfolio details for DropOff
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- Portfolio identities
- Transaction dates
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| 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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Complete acquisition details for DropOff
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- Transaction dates
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Financial Statements - DropOff
Detailed financials for DropOff
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Dropoff Comparisons
Peer comparison for DropOff
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Hyperlocal delivery services for businesses are provided with real-time tracking.
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On-demand last-mile logistics service provider
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On-demand hyperlocal delivery platform for businesses
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B2B delivery services are provided online using algorithms and apps.
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A logistics platform specializing in big and bulky product transportation.
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Detailed competitors of DropOff
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Latest news on Dropoff
Complete news archive for DropOff
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Frequently Asked Questions about DropOff
DropOff was founded in 2014.
DropOff is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
DropOff is a funded company, having raised a total of $17.37M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at DropOff is 133.
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.
DropOff's top competitors include Dispatch, RaRa Delivery and Rickshaw.
DropOff offers Same-Day Delivery, On-Demand Delivery, and Overnight Delivery.
DropOff has made 1 acquisition, including Rightaway Delivery.
DropOff has 9 investors. Key investors include Horizon Tech Finance, Fulcrum Equity Partners, Greycroft, Correlation Ventures, and Wild Basin Investments.