Drop: Funding, Investors & Team (Sep 2026)
At Drop, we’re on a mission to level-up consumer lives, one reward at a time. Through our personalized commerce platform, we intelligently surface the right brands, at the right time, to make our members’ every day a level better than it was before. Powered by machine learning, we match consumers with our over 400+ partner brands to satisfy two main goals: to earn points from their purchases and redeem them for instant rewards. Calling Toronto home but operating under a global mindset, Drop is building the next level experience for our 4 million+ members across North America, and most recently, the UK.
Drop has raised $100k across 1 funding round on record, the most recent a Series C of $100k announced in Mar 2022.
That round is below the $4.1M median round size for Apps companies tracked on FundedIQ over the last two years.
Drop Company Profile and Key Stats
Latest funding round on record: Mar 2022.
Drop Funding Rounds
Drop Founders and Leadership Team
Contact details for the Drop team: 1 of 1 has an email address on file.
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Drop's latest round of $100k is below the median round in Apps. Medians cover the last 24 months of disclosed rounds.
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Drop Funding FAQs
What does Drop do?
At Drop, we’re on a mission to level-up consumer lives, one reward at a time. Through our personalized commerce platform, we intelligently surface the right brands, at the right time, to make our members’ every day a level better than it was before. Powered by machine learning, we match consumers with our over 400+ partner brands to satisfy two main goals: to earn points from their purchases and redeem them for instant rewards. Calling Toronto home but operating under a global mindset, Drop is building the next level experience for our 4 million+ members across North America, and most recently, the UK.
How much funding has Drop raised?
Drop has raised $100k across 1 round on record. The most recent is a Series C of $100k announced in Mar 2022.
When did Drop last raise funding?
Drop's most recent funding round on record is a Series C of $100k, announced in Mar 2022.
Who is the CEO of Drop?
Derrick Fung is listed as CEO at Drop.
Where is Drop headquartered?
Drop is based in Toronto, Ontario, Canada.
How many employees does Drop have?
Drop is in the 101-250 employee band.
How does Drop's funding compare to other Apps startups?
Drop's latest round of $100k is below the $4.1M median round size for Apps companies on FundedIQ across 2,426 tracked companies over the last two years.
About FundedIQ's Drop Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Drop is left off this page rather than filled in.
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