Drop Technologies Inc.

Drop Technologies Inc. in $44M Series B round of capital financing

Client

Drop Technologies Inc.

Value

$44 million

Service

Emerging and High Growth Companies

Date Closed

Industry

Venture Capital

Lead Office

Toronto


 

On August 22, 2019, Drop Technology Inc. announced a $44 million Series B round of capital, led HOF Capital. The Royal Bank of Canada joined the round as a strategic investor. Drop Technology Inc. will use this investment to further its mission of rewarding consumers by delivering relevant deals to their smartphones. The investment will also help drive the growth at Drop Technology Inc., which includes adding new partners, users, and features, as well as expanding into new markets.

Drop Technology Inc. is a personalized mobile app designed to help shoppers earn more on everyday purchasing by scanning consumers’ credit card purchases to determine products they may be interested in.

Osler, Hoskin & Harcourt LLP advised Drop Technology Inc. with a team consisting of Chad Bayne, David Jamieson, Andrew Irwin (Emerging High Growth), Christine Jackson (Commercial), and Simon Hodgett (Technology).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

David Jamieson

David Jamieson

Senior Associate, Emerging and High Growth Companies

Andrew Irwin

Andrew Irwin

Associate, Emerging and High Growth Companies

Christine Jackson

Christine Jackson

Associate, Commercial

Simon  Hodgett

Simon Hodgett

Partner, Technology