About WithDropp
WithDropp is a company based in Hamburg (Germany) founded in 2021 by Alessa Vogler was acquired by Arive in January 2023.. WithDropp has raised $2.31 million across 1 funding round from investors including Collective Ventures Gmbh, Arive and Kima Ventures. WithDropp operates in a competitive market with competitors including Liefergrun, Glocally and Tropos Motors, among others.
- Headquarter Hamburg, Germany
- Founders Alessa Vogler
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spokebase Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.31 M (USD)
in 1 rounds
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Latest Funding Round
$2.31 M (USD), Seed
Oct 07, 2021
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Investors
Collective Ventures Gmbh
& 5 more
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Employee Count
Employee Count
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Acquired by
Arive
(Jan 17, 2023)
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(Sen.) Team
1 people
Software Development Team
1 people
Operations Team
1 people
Sales and Marketing
1 people
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Funding Insights of WithDropp
WithDropp has successfully raised a total of $2.31M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.31 million completed in October 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.3M
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First Round
First Round
(07 Oct 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - WithDropp | 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 WithDropp
WithDropp has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Collective Ventures Gmbh, Arive and Kima 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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Seed-stage investments in startups are provided by Kima Ventures.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in early stage companies in Germany
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via venture capital support.
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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 WithDropp
| 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 - WithDropp
| 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 |
Withdropp Comparisons
Competitors of WithDropp
WithDropp 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 Liefergrun, Glocally and Tropos Motors, 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 |
Provides electric last-mile package deliveries sustainably in Germany and Austria.
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| domain | founded_year | HQ Location |
Provides a web-based platform for last-mile delivery services to online businesses.
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| domain | founded_year | HQ Location |
An electric fleet of vehicles is provided for last-mile delivery.
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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 WithDropp
When was WithDropp founded?
WithDropp was founded in 2021.
Where is WithDropp located?
WithDropp is headquartered in Hamburg, Germany. It is registered at Hamburg, Hamburg, Germany.
Is WithDropp a funded company?
WithDropp is a funded company, having raised a total of $2.31M across 1 funding round to date. The company's 1st funding round was a Seed of $2.31M, raised on Oct 07, 2021.
What does WithDropp do?
Dropp was founded in 2021 in Hamburg, Germany, within the logistics sector. A web-based platform is operated to deliver last-mile and same-day services for e-commerce packages. Storage, fulfillment, order delivery, and returns are also handled. Operations focus on efficient package management across urban areas in Europe.
Who are the top competitors of WithDropp?
WithDropp's top competitors include Tropos Motors, Liefergrun and Glocally.
Who are WithDropp's investors?
WithDropp has 6 investors. Key investors include Collective Ventures Gmbh, Arive, Kima Ventures, Atlantic Labs, and Ronny Shibley.
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