Fundz

Droppe raises €3.9 million in seed funding led by OpenOcean and joined by Lifeline Ventures and Illusian Family Office

PRIVATEJun 19, 2024

Amount Raised

€3.9 Million

Round Type

Seed

HelsinkiE CommerceLogisticsB2B

Investors

Illusian Family OfficeLifeline VenturesOpen Ocean

Description

Helsinki-based Droppe has secured €3.9 million in seed funding round led by OpenOcean with the participation from Lifeline Ventures and Illusian Family Office. The funding will drive platform development and talent acquisition to meet growing demand, as Droppe serves over 1,500 companies across Europe, emphasizing efficiency and sustainability in B2B distribution.

Quick answer

Droppe raised €3.9 Million in a Seed round, dated June 19, 2024. Investors: Illusian Family Office, Lifeline Ventures and Open Ocean. Droppe is based in Helsinki, Uusimaa, Finland.

How much did Droppe raise?
Droppe raised €3.9 Million in a Seed round on June 19, 2024.
Who invested in Droppe?
Illusian Family Office, Lifeline Ventures and Open Ocean are named as investors in this round.
What does Droppe do?
Droppe helps businesses spend less, order faster, and sleep better with control.
Where is Droppe based and how big is it?
Droppe is based in Helsinki, Uusimaa, Finland.
Who are the decision-makers at Droppe?
Fundz holds 1 contact at Droppe. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Logistics around the same time

Companies in the same sectors as Droppe that raised within 45 days of this round, from Fundz verified event records.

  • FastBeetle Logistics Pvt. Ltd raised an undisclosed amount (Seed) on July 12, 2024.
  • Tucán raised $42K on June 26, 2024.
  • Whizz raised $12M (Series A) on June 6, 2024.
  • Aleran Software raised $6.3M on May 29, 2024.
  • BTrust raised $1.5M (Seed) on May 20, 2024.
  • Onepak raised $20M (Private Equity) on July 31, 2024.

Who to call at Droppe, and when

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Company Information

Company

Droppe

Location

Helsinki, Uusimaa, Finland

About

Droppe helps businesses spend less, order faster, and sleep better with control. Droppe redefines how businesses find and manage supplies that the world relies on. Until now, B2B distribution has remained one of the only industries that software has not touched. Droppe is a source-to-order platform that transforms the sourcing and ordering of packaging, paper, and operating supplies. We enable businesses to automate sourcing for their requirements and manage orders via tailored product catalogs, ensuring efficient and healthy operations. Today, Droppe has helped over 1,500 businesses upgrade outdated sourcing and procurement practices to automated sourcing, smart catalogs, and coordinated supply needs across organizations. Our source-to-order platform integrates with ERP and procurement solutions, simplifying and adding flexibility to category management and order handling.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.