Where is Drop located?

Drop is headquartered in Toronto, Canada.

Which legal entities is Drop associated with?

Drop is associated with Drop Technologies Inc..

How many employees does Drop have?

As of May 31, 2026, the latest employee count at Drop is 79.

Is Drop a funded company?

Drop is a funded company, having raised a total of $71.3M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 05, 2016.

When was the latest funding round of Drop?

Drop's latest funding was a $***** Series B round on Aug 22, 2019, with participation from 5 investors.

Where does Drop rank among its competitors?

Drop ranks 10th amongst 14670 active competitors, of which 84 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Fetch, which secured $110M in Sep, 2025.

Who are the top competitors of Drop?

Drop's top competitors include Bilt Rewards, Fetch and Baazi Games. Among them, Fetch secured the most recent funding round in September, 2025.

Drop - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of online lottery game services and official result data. The platform offers access to various lottery markets and real-time result updates through web-based interfaces. It facilitates account management for registered participants to engage in online betting activities and access historical statistical information. The system maintains digital infrastructure for secure financial transactions and provides information services to users across multiple device types.

Website: joindrop.com
Social
Email ID: *****@earnwithdrop.com

Key Metrics

Location

Toronto, Canada

Stage

Series B

Total Funding

$71.3M in 4 rounds

Latest Funding Round

Series B, Aug 22, 2019, $*****

Investors

ff Venture Capital & 24 more

Ranked

10^th among 14670 active competitors

Employee Count

79 as on May 31, 2026

Investment & Acquisitions

Canopy Labs

Similar Companies

California Lottery & 1456 more

View Drop's full profile

Drop is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Drop Technologies Inc. CIN: 9417770 , Canada, Active		-	-	-

Drop has raised a total funding of $71.3M over 4 rounds. Its first funding round was on Jul 05, 2016. Its latest funding round was a Series B round on Aug 22, 2019 for $*****. 5 investors participated in its latest round. Drop has 24 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Drop:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 22, 2019	7063675	Series B	6990031	6657434	1565220	9481665
Jan 30, 2018	3503073	Series A	5287879	2950991	9016136	Sierra Ventures & 4 more
Oct 11, 2017	2495954	Seed	3862786	9526072	Sierra Ventures	ff Venture Capital & 2 more

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View details of Drop's funding rounds and investors

The founders of Drop are Darren Fung and Cameron Dearsley.

Here are the details of Drop's key team members:

Darren Fung: Co-Founder & CTO of Drop.
Cameron Dearsley: Co-Founder of Drop.
Derrick Fung: CEO of Drop. They serve on the board of 1 company.

Drop's Board of Directors

Drop's board has 4 active members. Michael Akkerman, Onsi Sawiris, Derrick Fung and Win Bear are independent board members.

Here is the list of Drop's board of directors:

Name	Type	Representing	Status	Duration
Michael Akkerman	Independent board member	-	Current	2y 11m
evgueho	Independent board member	-	Current	7y 5m
bx{etxx	Independent board member	-	Current	4y 1m
gydtgwv	Independent board member	-	Current	9y 3m

View details of Drop's Founder profiles and Board Members

Drop's employee count trend

Drop has 79 employees as of May 26. Here is Drop's employee count trend over the years:

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Top competitors of Drop include Bilt Rewards, Fetch and Baazi Games. Here is the list of Top 10 competitors of Drop, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bilt Rewards 2021, New York City (United States), Series B	SaaS-driven reward-based rental management solution for residential properties	$958M	General Catalyst, Mastercard & 33 others	73/100
2nd	Fetch 2013, Madison (United States), Series E	Points based loyalty platform	$583M	SoftBank Vision Fund, Greycroft & 34 others	68/100
3rd	Baazi Games 2014, Delhi (India), Series B	Operator of online poker and sports prediction gaming solutions	$11.3M	Psm Group, East Eight Six Advisors & 9 others	67/100
4th	William Hill 1934, London (United Kingdom), Acquired	App-based online gambling platform offering multi-category games	-	Treasury, AAIC Ventures & 4 others	65/100
5th	California Lottery 1984, Sacramento (United States), Unfunded	App-based lottery platform	-	-	64/100
6th	Lottery 2015, Austin (United States), Public	Online gambling platform offering lottery-based games	$20M	500 Global, Aurum Partners & 27 others	62/100
7th	Superbet 2008, Bucharest (Romania), Series B	Online gambling platform	$196M	Blackstone, HKK Partners & 1 others	62/100
8th	FDJ 1997, Paris (France), Funding Raised	Provider of an online gambling platform offering multi-category games	-	Matters	59/100
9th	GameDuell 2003, Berlin (Germany), Acquired	Casual games developer for web and mobile platform	$17.5M	HV Capital, Wellington Partners Venture Capital ... & 2 others	59/100
10th	Drop Toronto (Canada), Series B	Provider of online lottery game services and official result data	$71.3M	RBC Ventures, MaRS Discovery District & 23 others	59/100