About this raise
Drop Technologies, with a valuation of $8.35 million, is raising crowdfunding on Equifund CFP. The company provides last-mile delivery to cannabis retailers. The service is available to developing cannabis brands made for both medical and recreational purposes. Drop Technologies works for advertising these companies, delivering their products, and collecting digital payments. The company was founded by Vanessa Gabriel in 2019. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for growth and expansion. Drop Technologies’ delivery service is already being used by over 96,000 retail customers and has processed $6 million in transactions in 2020.
Investment Overview
Invested $1,070,000 :
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Logistics, Delivery, & Supply Chain
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
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Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.