Drop is the free app that rewards you for shopping at your favorite brands. Join over 3 million members earning millions in cash rewards at Amazon, Starbucks, Sephora, and more.
Location: United States
Employees: 51-200
Total raised: $70.12M
Founded date: 2015
Investors 12
Show more
Funding Rounds 3
| Date | Series | Amount | Investors |
| 22.08.2019 | Series B | $43.62M | - |
| 30.01.2018 | Series A | $21M | New Enterp... |
| 10.10.2017 | Seed | $5.5M | Portag3 Ve... |
Mentions in press and media 19
| Date | Title | Description |
| 06.10.2020 | Why are Goldman Sachs & WSJ using Cardify.ai data from Drop? | Over the past few months, the Wall Street Journal and Goldman Sachs have begun to use Drop’s Cardify.ai data highlighting insights into consumer spend and income during the COVID-19 pandemic. Even cloud juggernaut Snowflake is using Cardify... |
| 16.01.2020 | Sierra Ventures Year in Review – 2019 A Recap of 2019 Sierra Ventures Year in Review | A Recap of 2019 Sierra Ventures Year in Review 2019 was a big year for Sierra Ventures with the raise of our 12th Fund ($215M). We made 8 exciting new investments in Sierra XI and are looking forward to investing out of Sierra XII in the co... |
| 22.08.2019 | Daily funding roundup - August 22nd, 2019 | Enable My Child raised $1.2M; Spectroplast landed $1.5 million; Aperiomics closed $1.8M Enable My Child: Enable My Child is a company specializing in quality pediatric care in mental health, speech & language pathology, physical therapy... |
| 22.08.2019 | Drop closes $58 million CAD Series B with eyes on accelerated growth, going public | Mobile rewards startup Drop has closed a $58 million CAD ($44 million USD) Series B to help accelerate its growth and allow it to enter into new markets. The funding round was led by returning investor HOF Capital, with participation from f... |
| 05.03.2019 | A Recap of 2018 | 2018 was a successful year for Sierra Ventures. Sierra X had two significant exits in addition to the prior nine acquisitions, allowing us to more than return capital for that fund. We made 10 exciting new investments in Sierra XI, and our ... |
| 22.01.2019 | Dosh raises $40M on $300M valuation as its cashback app passes $50M doled out to shoppers | When it comes to reaching would-be customers today, one of the biggest investments that brands and retailers will make is in advertising, to the tune of nearly $630 billion globally. Now, a startup called Dosh, which offers cash back on pur... |
| 16.11.2018 | Drop to Acquire Canopy Labs | Drop, a Toronto, Canada-based flexible rewards program, acquired Canopy Labs, a Y Combinator-backed predictive analytics software company focused on improving and optimizing clients’ customer journeys. The amount of the deal was not disclos... |
| 30.01.2018 | Term Sheet — Tuesday, January 30 | IMMIGRATION REFORM Good morning, Term Sheet readers. Paid Content You can't secure what you can't see From ExtraHop This could change depending on the political climate. One data point in the survey stood out. More than half of startups sur... |
| 30.01.2018 | NEA leads $21M round for Drop, a rewards app for millennials | Everyone loves free stuff, apparently including VC investors. Toronto-based Drop, whose app allows consumers to collect points for transactions they make and then receive reward offers, has secured a $21 million Series A round led by Rick Y... |
| 30.01.2018 | Drop Raises $21M in Series A Funding | Drop, a Toronto, Canada-based millennial-focused rewards program, raised $21m (USD) in Series A funding. The round was led by New Enterprise Associates (NEA) with participation from Sierra Ventures, White Star Capital, ff Venture Capital, P... |
Show more