Drip Capital
About
Drip Capital offers trade financing product targeted towards SMEs in developing markets.
- Palo Alto,California,United States
- 101 - 250
- https://www.dripcapital.com/
Details
- Last Funding Type
- Secondary Market
- Industries
- Blockchain,Finance,Financial Services,FinTech
- Founded date
- Jan 1, 2015
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Legal Name
- Drip Capital Inc.
- Also Known As
- Drip
Drip Capital offers trade financing product targeted towards SMEs in developing markets. Its automated risk assessment model allows rapidly growing SMEs quick and easy access to finance. With a focus on technology, Drip aims to eliminate the hassle of paperwork and bureaucracy and create a seamless borrowing experience for its clients.The company consists of a team of financial consultants, engineers and analysts from Wharton, Stanford, and IITs with years of experience at Standard Chartered, Black Rock and Yahoo. They are backed by leading Silicon Valley investors - Y Combinator and StartX. They are always eager to connect with sharp minds to grow within their quest to becoming the future of global trade finance.Drip Capital was founded in 2015 and is headquartered in Palo Alto, California.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Apr 7, 2022 | Secondary Market | — | 1 | — | — | Detail |
| Oct 28, 2021 | Debt Financing | $135M | 2 |
Barclays Investment Bank
|
— | Detail |
| Oct 28, 2021 | Series C | $40M | 7 |
TI Platform Management
|
— | Detail |
| Mar 25, 2021 | Debt Financing | $40M | 1 |
|
— | Detail |
| Jan 1, 2021 | Debt Financing | $60M | — | — | — | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Nov 2, 2022
Arta Finance
|
Series A | $90M | Finance | — |
|
Aug 29, 2019
Yubico
|
Series Unknown | $25M | Cloud Security | — |
|
Aug 27, 2013
Heap
|
Seed | $2M | Analytics | — |
|
Jun 18, 2013
Filestack
|
Seed | $1.80M | Cloud Computing | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Barclays Investment Bank
|
Yes | Debt Financing |
|
TI Platform Management
|
Yes | Series C |
Silicon Valley Bank
|
Yes | Debt Financing |
Raison Asset Management
|
— | Secondary Market |
|
|
— | Debt Financing |
Accel
|
— | Series C |
GC1 Ventures
|
— | Series C |
|
|
— | Series C |
Sand Hill Angels
|
— | Series C |
Sequoia Capital India
|
— | Series C |
Employee Profiles
