About Droppe
Droppe is a company based in Helsinki (Finland) founded in 2020 by Henrik Helenius and Johannes Salmisaari.. Droppe has raised $6.66 million across 2 funding rounds from investors including OpenOcean, Miki Kuusi and Ilkka Paananen. Droppe offers products and services including Gloves, Workwear, Packaging Supplies, Safety Equipment, and Smart Catalogs. Droppe operates in a competitive market with competitors including Blidz, Verkkokauppa, Zapp World, Hobby Hall and E-ville, among others.
- Headquarter Helsinki, Finland
- Founders Henrik Helenius, Johannes Salmisaari
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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 Droppe Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.66 M (USD)
in 2 rounds
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Latest Funding Round
$4.18 M (USD), Series A
Jun 18, 2024
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Investors
OpenOcean
& 4 more
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Employee Count
Employee Count
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Products & Services of Droppe
Droppe offers a comprehensive portfolio of products and services, including Gloves, Workwear, Packaging Supplies, Safety Equipment, and Smart Catalogs. 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.
Protective gloves for work safety and handling.
Durable outfits for industrial and daily work use.
Items for packaging and shipping needs.
Gear ensuring worker safety in various environments.
Digital system for efficient product ordering.
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Funding Insights of Droppe
Droppe has successfully raised a total of $6.66M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.18 million completed in June 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 Series A — $4.2M
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First Round
First Round
(03 Feb 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Droppe | Valuation | OpenOcean | |
| Feb, 2022 | Amount | Seed - Droppe | Valuation | Lifeline Ventures |
| 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 Droppe
Droppe has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include OpenOcean, Miki Kuusi and Ilkka Paananen. 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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Multiple sectors are invested in by OpenOcean venture capital fund.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in European startups across sectors.
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Founded Year | Domain | Location | |
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MK
Miki Kuusi |
CEO of Wolt, active angel investor in tech startups
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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 Droppe
| 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 - Droppe
| 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 |
Droppe Comparisons
Competitors of Droppe
Droppe 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 Blidz, Verkkokauppa, Zapp World, Hobby Hall and E-ville, 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 |
Multi-category products are sold via an AI-driven shopping platform.
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| domain | founded_year | HQ Location |
Multi-category products are retailed online by the company.
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| domain | founded_year | HQ Location |
Multi-category products are offered via an app-based marketplace.
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| domain | founded_year | HQ Location |
Multi-category products are retailed online across various sectors.
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| domain | founded_year | HQ Location |
Multi-category products are sold via an online marketplace platform.
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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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Frequently Asked Questions about Droppe
When was Droppe founded?
Droppe was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Droppe located?
Droppe is headquartered in Helsinki, Finland.
Who is the current CEO of Droppe?
Johannes Salmisaari is the current CEO of Droppe. They have also founded this company.
Is Droppe a funded company?
Droppe is a funded company, having raised a total of $6.66M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.48M, raised on Feb 03, 2022.
What does Droppe do?
Droppe was founded in 2020 and is headquartered in Helsinki, Finland. An online marketplace is operated, focusing on e-commerce across various sectors including healthcare, kitchen appliances, food, construction, manufacturing, and sanitation products. Wholesale options are also provided to support bulk purchasing needs. The platform facilitates access to diverse inventory for both retail and business users in the European market.
Who are the top competitors of Droppe?
Droppe's top competitors include Blidz, Verkkokauppa and Zapp World.
What products or services does Droppe offer?
Droppe offers Gloves, Workwear, Packaging Supplies, Safety Equipment, and Smart Catalogs.
Who are Droppe's investors?
Droppe has 5 investors. Key investors include OpenOcean, Miki Kuusi, Ilkka Paananen, Robert Gentz, and Lifeline Ventures.