When was Drop founded?

Drop was founded in 2012 and raised its 1st funding round 4 years after it was founded.

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 Apr 30, 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 4th amongst 225 active competitors, of which 19 are funded. It stands 3rd 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 Pinata. Among them, Fetch secured the most recent funding round in September, 2025.

Drop - 2026 Company Profile, Team, Funding & Competitors

Company Details

Drop provides a rewards management application. It allows users to shop at various brands, automatically get rewards and redeem them at the partner stores. It enables users to manage rewards on ordering food, traveling, and shopping. It enables users to shop and earn points. The application is available on the Apple App Store and Google Play Store.

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

Key Metrics

Founded Year

2012

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 & 23 more

Ranked

4^th among 225 active competitors

Employee Count

79 as on Apr 30, 2026

Investment & Acquisitions

Canopy Labs

Similar Companies

Yoyo Wallet & 198 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	Documents
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 23 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	6776450	Series B	2129965	1694811	4806868	4290240
Jan 30, 2018	2864246	Series A	9233226	2518889	1770023	Sierra Ventures & 4 more
Oct 11, 2017	4991023	Seed	6170625	2679332	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.
Contact Info: 1 email address

Drop's Board of Directors

Drop's board has 4 active members. Michael Akkerman, Onsi Sawiris, Win Bear and Derrick Fung 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 8m
{ncxjhn	Independent board member	-	Current	1y 3m
hnybhnv	Independent board member	-	Current	8y 7m
iarm{nt	Independent board member	-	Current	9y 6m

View details of Drop's Founder profiles and Board Members

Drop's employee count trend

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

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Top competitors of Drop include Bilt Rewards, Fetch and Pinata. 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, Ontario Teachers' Pension Plan ... & 33 others	74/100
2nd	Fetch 2013, Madison (United States), Series E	Points based loyalty platform	$583M	Greycroft, SoftBank Vision Fund & 32 others	71/100
3rd	Pinata 2019, New York City (United States), Series A	Provider of a platform that reports rent payments to credit bureaus	$27.6M	Wilshire Lane Capital, BDev Ventures & 4 others	63/100
4th	Drop 2012, Toronto (Canada), Series B	Provider of a rewards management application	$71.3M	Evolution VC Partners, HOF Capital & 22 others	59/100
5th	Yoyo Wallet 2013, London (United Kingdom), Series B	Rewards-based coalition loyalty platform	$63.4M	Imperial Innovations, HORECA.digital & 62 others	56/100
6th	Scene+ 2007, Toronto (Canada), Unfunded	Online platform offering reward points for multi-category products	-	-	55/100
7th	Benjamin 2022, New York City (United States), Series A	Platform providing cash rewards for completing surveys, and scanning receipts	$18.5M	Play Ventures, Big Bets & 5 others	55/100
8th	Jisp 2015, Alton (United Kingdom), Unfunded	Platform offering suite solution for grocery retailers	-	-	54/100
9th	Nectar 2002, London (United Kingdom), Acquired	Coalition rewards-based loyalty program in the United Kingdom	-	Level Ventures	53/100
10th	PC Optimum 2018, Canada, Unfunded	Online platform offering rewards	-	-	51/100