About DropStat
DropStat is a company based in Beverly Hills (United States) founded in 2017 by Tara Vafaeenia and Sara Well.. DropStat has raised $6.84 million across 4 funding rounds from investors including Panoramic Ventures. DropStat offers products and services including Smart Scheduling, Gap Shift Management, Automated Decision Support, and Integrated Rewards. DropStat operates in a competitive market with competitors including OnShift, Navenio, Laudio, ShiftHound and CalmWave, among others.
- Headquarter Beverly Hills, United States
- Founders Tara Vafaeenia, Sara Well
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.84 M (USD)
in 4 rounds
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Latest Funding Round
$1.34 M (USD), Seed
Oct 30, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of DropStat
DropStat offers a comprehensive portfolio of products and services, including Smart Scheduling, Gap Shift Management, Automated Decision Support, and Integrated Rewards. 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.
Automates shift posting based on staffing needs.
Communicates unfilled shifts to qualified staff.
Approves staff based on safety and efficiency.
Offers on-platform rewards to boost retention.
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Operations Team
1 people
Leadership Team
1 people
Sales and Marketing
1 people
Senior Team
1 people
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Funding Insights of DropStat
DropStat has successfully raised a total of $6.84M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.34 million completed in October 2023. 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 Seed — $1.3M
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First Round
First Round
(20 Nov 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Seed - DropStat | Valuation |
investors |
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| May, 2023 | Amount | Debt – Conventional - DropStat | Valuation |
investors |
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| May, 2023 | Amount | Seed - DropStat | Valuation | Panoramic Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 DropStat
DropStat has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Panoramic Ventures. 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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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 DropStat
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DropStat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Dropstat Comparisons
Competitors of DropStat
DropStat 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 OnShift, Navenio, Laudio, ShiftHound and CalmWave, 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 |
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| domain | founded_year | HQ Location |
Staff scheduling software for healthcare facilities is developed and provided.
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| domain | founded_year | HQ Location |
Sensor-based location monitoring systems are provided for healthcare workforce.
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| domain | founded_year | HQ Location |
Staff management platform for hospital scheduling is provided.
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| domain | founded_year | HQ Location |
Offers SaaS-based software for efficient workforce scheduling.
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| domain | founded_year | HQ Location |
Provider of AI-based platform to remediate alarms and improve staff retention
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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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On-demand services are booked through an app-based platform.
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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 Dropstat
Frequently Asked Questions about DropStat
When was DropStat founded?
DropStat was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is DropStat located?
DropStat is headquartered in Beverly Hills, United States. It is registered at Beverly Hills, California, United States.
Who is the current CEO of DropStat?
Sara Well is the current CEO of DropStat. They have also founded this company.
Is DropStat a funded company?
DropStat is a funded company, having raised a total of $6.84M across 4 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Nov 20, 2020.
What does DropStat do?
DropStat was founded in 2017 and is based in Beverly Hills, United States. Software for staff scheduling and communication is offered to healthcare organizations, particularly hospitals. Workflow management is supported through a system that handles staffing operations. Information on urgent shifts requiring coverage is delivered to address organizational needs in the healthcare sector.
Who are the top competitors of DropStat?
What products or services does DropStat offer?
DropStat offers Smart Scheduling, Gap Shift Management, Automated Decision Support, and Integrated Rewards.
Who are DropStat's investors?
DropStat has 1 investor. Key investors include Panoramic Ventures.
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