When was DropCar founded?

DropCar was founded in 2015 and raised its 1st funding round 2 years after it was founded.

Where is DropCar located?

DropCar is headquartered in New York City, United States.

How many employees does DropCar have?

As of Jun 30, 2026, the latest employee count at DropCar is 53.

Is DropCar a funded company?

DropCar is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on May 22, 2017.

When was the latest funding round of DropCar?

DropCar's latest funding was a $***** Post IPO round on Dec 20, 2019, with participation from 0 investor.

What is the annual revenue of DropCar?

Annual revenue of DropCar is less than $1M as on Dec 31, 2024

Where does DropCar rank among its competitors?

DropCar ranks 5th amongst 42 active competitors, of which 11 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Blyp, which secured $60K in Nov, 2025.

Who are the top competitors of DropCar?

DropCar's top competitors include Luxe, Oobeo and Blyp. Among them, Blyp secured the most recent funding round in November, 2025.

DropCar - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

App-based platform for booking parking spots. The platform allowes users to reserve and pay for parking spots by providing location, user details, payment details, and more. The app is available for both Android and iOS devices.

Website: www.drop.car/
Social
Email ID: *****@DropCar.com

Key Metrics

Founded Year

2015

Location

New York City, United States

Stage

Acquired

Latest Funding Round

Post IPO, Dec 20, 2019, $*****

Ranked

5^th among 42 active competitors

Annual Revenue

$0 - $1M as on Dec 31, 2024

Employee Count

53 as on Jun 30, 2026

Similar Companies

Luxe & 79 more

Exit Details

Acquired by WPCS (Sep 06, 2017)

View DropCar's full profile

DropCar is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DROPCAR, INC. CIN: 1086745 , United States, Active		$0 - $1M (As on Dec 31, 2024)	44 (As on Dec 31, 2022)	-

DropCar got acquired by WPCS on Sep 06, 2017.

Click here to take a look at DropCar's acquisition in detail

DropCar has raised funding over 6 rounds. Its first funding round was on May 22, 2017.

Here is the list of recent funding rounds of DropCar:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 20, 2019	1083633	Post IPO	1841259	4026877	2276399	1353044
Mar 09, 2018	2310046	Post IPO	2293538	9253422	1034807	6798758
Nov 2017	8908930	Post IPO	7791883	2050229	6919651	1356103

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View details of DropCar's funding rounds and investors

The founders of DropCar is Michael Matsoukatidis.

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

Michael Matsoukatidis: Former Co-Founder & COO of DropCar.

View details of DropCar's Founder profiles and Board Members

DropCar's employee count trend

DropCar has 53 employees as of Jun 26. Here is DropCar's employee count trend over the years:

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Top competitors of DropCar include Luxe, Oobeo and Blyp. Here is the list of Top 10 competitors of DropCar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Luxe 2013, San Francisco (United States), Acquired	App-based solution for valet parking services	$75.5M	Venrock, Redpoint Ventures & 24 others	54/100
2nd	Oobeo 2016, Sarasota (United States), Acquired	Subscription based valet software	-	-	50/100
3rd	Blyp 2021, Noida (India), Seed	Operator of an application providing on-demand valet parking and related services	$1.26M	Cactus Partners, Marwah Group Family Office ... & 1 others	47/100
4th	ValetEZ 2016, Bengaluru (India), Seed	Tech-enabled platform for parking management	$377K	Mani Capitals, Village Capital & 26 others	46/100
5th	DropCar 2015, New York City (United States), Acquired	App-based platform for booking parking spots	-	-	42/100
6th	SMS Valet 2011, Frisco (United States), Unfunded	Provider of SMS based valet parking solutions	-	-	41/100
7th	CurbStand 2013, Los Angeles (United States), Public	Payment for parking tickets and valet through wallet	$4M	-	38/100
8th	ParkingPal 2012, Kuwait City (Kuwait), Unfunded	App-based valet parking services	-	-	36/100
9th	Divine Services 2009, Cincinnati (United States), Seed	On-demand valet parking app	$783K	Queen City Angels, KTECH Capital & 1 others	35/100
10th	Llollo 2014, Madrid (Spain), Seed	Valet parking app	$2.68M	Stella Maris Partners, B4Motion & 1 others	35/100