Drop Closes $58M Series B, Led By HOP Capital, Eyes On Accelerated Growth, Going Public

Today TSFV portfolio company Drop announces its C$58M Series B. The funding round was led by returning investor HOF Capital, with participation from fellow returning investors New Enterprise Associates (NEA), Sierra Ventures, and White Star Capital. Royal Bank of Canada also participated for the first time, as a strategic investor.

The global loyalty is a $200 billion market. Drop, which offers a free app geared towards millennial shoppers, is the rocket ship that disrupts this massive market. Glad to be on the front row seats to see how this massive opportunity unfolds.

About the Author Eva Lau

Co-Founder and Managing Director of Two Small Fish Ventures.