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Drop is a company operating in the loyalty program, e-commerce, payments, finance, financial technology, and technology industries . Founded in 2015 , it is an active organization with locations in Toronto, Ontario, Canada, and California .
Drop has raised a total of 70,500,000 USD in funding, with its most recent funding from a Series B round in August 2019 . The company has received investments from various entities such as Macro Ventures, Rothenberg Ventures, RBC Ventures, HOF Capital, Royal Bank of Canada, NEA (New Enterprise Associates), Silicon Valley Bank, White Star Capital, Sierra Ventures, Portag3 Ventures, ff Venture Capital, Portage Ventures, First Round Capital, Radical Ventures, Rubic, Gaingels, Two Small Fish Ventures, and Tom Williams (founder of BetterCompany) .