About DropWise
DropWise is a company based in Cambridge (United States) founded in 2014.. DropWise has raised $2.79 million across 8 funding rounds from investors including MassCEC, Henkel Ventures and America’s Seed Fund. DropWise offers products and services including High-performance polymer coatings, Non-stick corrosion barriers, and Oleophobic formulations. DropWise operates in a competitive market with competitors including Hydromer, CASL Surface Technologies, Impermea Materials, CMD-COAT and Shenzhen Manst Technology, among others.
- Headquarter Cambridge, United States
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Sectors
Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Dropwise Technologies Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.79 M (USD)
in 8 rounds
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Latest Funding Round
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Investors
MassCEC
& 4 more
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Employee Count
Employee Count
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Products & Services of DropWise
DropWise offers a comprehensive portfolio of products and services, including High-performance polymer coatings, Non-stick corrosion barriers, and Oleophobic formulations. 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.
Protects components from fouling and corrosion via vapor deposition processes.
Offers resistance to acids, bases, and fouling for industrial applications.
Enhances non-stick properties and performance on complex parts.
Funding Insights of DropWise
DropWise has successfully raised a total of $2.79M across 8 strategic funding rounds. 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 8
- Last Round Last Round
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First Round
First Round
(29 Oct 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Seed - DropWise | Valuation | Henkel Tech Ventures |
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| May, 2017 | Amount | Seed - DropWise | Valuation |
investors |
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| Apr, 2017 | Amount | Grant - DropWise | Valuation |
investors |
| 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 DropWise
DropWise has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include MassCEC, Henkel Ventures and America’s Seed Fund. 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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Venture capital fund backed by the US Government
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Founded Year | Domain | Location | |
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Accelerator & incubator focused on clean energy firms
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Founded Year | Domain | Location | |
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Early-stage entrepreneurs are accelerated through MassChallenge's program.
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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 DropWise
| 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 - DropWise
| 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 |
Dropwise Comparisons
Competitors of DropWise
DropWise 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 Hydromer, CASL Surface Technologies, Impermea Materials, CMD-COAT and Shenzhen Manst Technology, 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 |
Hydrophilic polymer-based products and services
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| domain | founded_year | HQ Location |
Wear-resistant metallic and ceramic alloy coatings are provided.
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| domain | founded_year | HQ Location |
Develops eco-friendly barrier coatings for paper, textiles, and healthcare without PFAS.
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| domain | founded_year | HQ Location |
Develops bioactive coatings for medical devices to prevent infections and thrombosis.
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| domain | founded_year | HQ Location |
Provider of coating technology solutions, components, and related equipment
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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 DropWise
When was DropWise founded?
DropWise was founded in 2014.
Where is DropWise located?
DropWise is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is DropWise a funded company?
DropWise is a funded company, having raised a total of $2.79M across 8 funding rounds to date. The company's 1st funding round was a Grant of $724.04K, raised on Oct 29, 2014.
What does DropWise do?
DropWise was founded in 2014 and is based in Cambridge, United States. Ultra-thin and chemical vapor deposition (CVD) coatings are offered by the company for oil and gas tools, industrial equipment, membranes, and electronic components. These coatings are applied for chemical and corrosion prevention, anti-fouling purposes, and as affinity binders in relevant sectors. Operations focus on vapor deposition technologies to support various industrial needs.
Who are the top competitors of DropWise?
DropWise's top competitors include Hydromer, CASL Surface Technologies and Shenzhen Manst Technology.
What products or services does DropWise offer?
DropWise offers High-performance polymer coatings, Non-stick corrosion barriers, and Oleophobic formulations.
Who are DropWise's investors?
DropWise has 5 investors. Key investors include MassCEC, Henkel Ventures, America’s Seed Fund, National Science Foundation, and MassChallenge.
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