About Idea Drop
Idea Drop is a company based in London (United Kingdom) founded in 2014 by Martin de Rusett and Robin Michael Hunnam was acquired by Wazoku in January 2023.. Idea Drop has raised $1.59 million across 3 funding rounds from investors including Wazoku, Cubet and BMS PERFORMANCE. The company has 11 employees as of January 31, 2022. Idea Drop operates in a competitive market with competitors including Wazoku, Agorize, AEVO, Spigit and Iprova, among others.
- Headquarter London, United Kingdom
- Employees 11 as on 31 Jan, 2022
- Founders Martin de Rusett, Robin Michael Hunnam
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Ideadrop Limited
- Date of Incorporation 07 Mar, 2014
- Jurisdiction SEVENOAKS, KENT, ENGLAND
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Funding Insights of Idea Drop
Idea Drop has successfully raised a total of $1.59M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.26 million completed in January 2017. 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 3
- Last Round Seed — $1.3M
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First Round
First Round
(02 Apr 2014)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Seed - Idea Drop | Valuation | Paul Pascoe , Adam Gilbert | |
| Jul, 2015 | Amount | Seed - Idea Drop | Valuation |
investors |
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| Apr, 2014 | Amount | Angel Round - Idea Drop | Valuation | David Billinghurst |
| 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 Idea Drop
Idea Drop has secured backing from 38 investors, including institutional and angel investors. Prominent investors backing the company include Wazoku, Cubet and BMS PERFORMANCE. 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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Provides recruitment services for sales, marketing, and engineering industries.
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Founded Year | Domain | Location | |
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Delivers custom software development, AI, data solutions, and cloud consulting services to enterprises.
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Founded Year | Domain | Location | |
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PP
Paul Pascoe |
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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 Idea Drop
| 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 - Idea Drop
| 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 |
Idea Drop Comparisons
Competitors of Idea Drop
Idea Drop 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 Wazoku, Agorize, AEVO, Spigit and Iprova, 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 |
Cloud-based idea management software is offered to organizations.
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| domain | founded_year | HQ Location |
Cloud-based platform for managing innovation and ideas is provided.
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| domain | founded_year | HQ Location |
Cloud-based innovation management software provider
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| domain | founded_year | HQ Location |
Cloud-based platform for managing corporate idea lifecycles is utilized.
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| domain | founded_year | HQ Location |
AI-based invention assistance platform
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| domain | founded_year | HQ Location |
Collaboration software is offered for enterprise process optimization.
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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 Idea Drop
Frequently Asked Questions about Idea Drop
When was Idea Drop founded?
Idea Drop was founded in 2014.
Where is Idea Drop located?
Idea Drop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Idea Drop a funded company?
Idea Drop is a funded company, having raised a total of $1.59M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $146.5K, raised on Apr 02, 2014.
How many employees does Idea Drop have?
As of Jan 31, 2022, the latest employee count at Idea Drop is 11.
What does Idea Drop do?
Idea Drop was founded in 2014 in London, United Kingdom, as a cloud-based platform in the idea management sector. Employees ideas and feedback are shared with teams, including an option for anonymity, while commercial or operational challenges are posted to broader groups with set deadlines and rewards. Exciting ideas are automatically sorted for managerial review and decision-making. Operations follow a two-tiered pricing model based on per-user monthly fees.
Who are the top competitors of Idea Drop?
Who are Idea Drop's investors?
Idea Drop has 38 investors. Key investors include Wazoku, Cubet, BMS PERFORMANCE, Paul Pascoe, and Adam Gilbert.
What is Idea Drop's valuation?
The valuation of Idea Drop is $6.84M as of Jan 2017.
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