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 is comprised of top-tier, passionate, and diverse talent from a wide range of professional backgrounds, including fellow startups like Ritual and Shopify, to Fortune 500 companies like Amazon, Microsoft, Goldman Sachs, and Airbnb. We’re backed by top venture capital firms from Silicon Valley, as well as Canadian and global funds who’ve invested in now-household names, including Dollar Shave Club, Robinhood, Groupon, Snapchat, and more. We move quickly, but always ensure every voice at Drop is heard. Our culture is shaped by passion, hustle, and people who actually enjoy coming into work every day. Join us in revolutionizing personal commerce and building a next level rewards experience for everyone.
Careers at Drop: https://www.joindrop.com/careers
Drop is comprised of top-tier, passionate, and diverse talent from a wide range of professional backgrounds, including fellow startups like Ritual and Shopify, to Fortune 500 companies like Amazon, Microsoft, Goldman Sachs, and Airbnb. We’re backed by top venture capital firms from Silicon Valley, as well as Canadian and global funds who’ve invested in now-household names, including Dollar Shave Club, Robinhood, Groupon, Snapchat, and more. We move quickly, but always ensure every voice at Drop is heard. Our culture is shaped by passion, hustle, and people who actually enjoy coming into work every day. Join us in revolutionizing personal commerce and building a next level rewards experience for everyone.
Careers at Drop: https://www.joindrop.com/careers
Location: Canada, Ontario, Toronto
Employees: 51-200
Total raised: $44M
Founded date: 2015
Investors 5
| Date | Name | Website |
| - | Versatile ... | versatilev... |
| - | RBC Ventur... | rbcventure... |
| - | Capital On... | growthvent... |
| - | Synchrony ... | synchrony.... |
| - | Capital On... | capitalone... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 30.08.2019 | Series B | $44M | - |
Mentions in press and media 11
| Date | Title | Description |
| 01.02.2023 | Make Extra Money Without Sacrificing Your Time with These 25 Passive Income Apps | If you want to build wealth, you’ll need to earn money while you sleep. The only way to do this? Generate passive income. Sadly, passive income can seem overwhelming since it often takes a lot of hard work or money upfront. The good news is... |
| 03.12.2021 | Purpose and Drop Partner to Launch New Cryptocurrency Rewards | TORONTO, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”), a world leader in digital asset management, is excited to announce its collaboration with Drop Technologies Inc. (“Drop”), a popular rewards platform with over... |
| 03.12.2021 | Purpose and Drop Partner to Launch New Cryptocurrency Rewards | TORONTO, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”), a world leader in digital asset management, is excited to announce its collaboration with Drop Technologies Inc. (“Drop”), a popular rewards platform with over... |
| 23.01.2021 | How VCs and founders see 2021 differently | Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Click here if you want it in your inbox eve... |
| 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... |
| 14.07.2020 | Swyft raises $3 million CAD to expand same-day delivery software | Toronto-based digital logistics startup Swyft, which connects merchants to existing courier networks, has closed a $3 million CAD seed round. The round was funded by Trucks Venture Capital, Golden Ventures, Panache Ventures, and other strat... |
| 22.08.2019 | A $44M Series B Drop in the bucket for millennial loyalty | Commerce and marketing are radically changing these days. Consumers are increasingly looking for brands they identify with, while at the same time, the cost of acquiring users is increasing year-over-year for marketers. For brands, that mat... |
| 22.08.2019 | Drop Closes $44M Series B Funding Round | Drop, a Toronto, Canada-based personalized mobile rewards platform for shoppers to earn on everyday purchases, raised $44m in Series B funding. The round was led by HOF Capital, with participation from returning investors New Enterprise Ass... |
| 22.08.2019 | Drop raises $44 million to reward loyal shoppers with gift cards | Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more. Drop, a coalition customer loyalty company headquartered in Toronto, Canada, today announced that it’s raised $44 million in series B f... |
| 22.08.2019 | Mobile reward app startup Drop secures $44 million Series B funding to help shoppers earn more on everyday purchases | Drop, a tech startup that provides a mobile reward app to help you find deals at the places you love, and automatically get rewarded, has raised $44 million USD Series B investment to further its mission of rewarding consumers by delivering... |
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