Drop Technologies

Neutral
BETA

Empowering Cannabis Companies To Deliver More

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Equifund CFP

Start Date

07/22/2020

Close Date

07/08/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$8,350,000

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

217

% of Min. Goal

4,280%

% of Max. Goal

100%

Likelihood of Max
Avg. Daily Raise

$8,045

# of Investors

1,975

Momentum
Location

Venice, CA

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

CommerceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

Drop Technologies, with a valuation of $8.35 million, is raising crowdfunding on Equifund CFP. The company provides last-mile delivery to cannabis retailers. The service is available to developing cannabis brands made for both medical and recreational purposes. Drop Technologies works for advertising these companies, delivering their products, and collecting digital payments. The company was founded by Vanessa Gabriel in 2019. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for growth and expansion. Drop Technologies’ delivery service is already being used by over 96,000 retail customers and has processed $6 million in transactions in 2020.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$24,893

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-7,555

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,450

$0

Accounts Receivable

$0

$0

Total Assets

$1,450

$0

Short-Term Debt

$0

$0

Long-Term Debt

$9,006

$0

Total Liabilities

$9,006

$0

Ratings

last updated 12/03/2020

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