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The Venture Codex

Drop

710 Sansome Street, San Francisco, California, 94111, United States

Overview

Drop builds a software-enabled cooking experience that combines a free app with a Bluetooth-connected kitchen scale to help home bakers achieve consistent results. The silicone-covered red scale communicates with an iPad to automatically adjust ingredient quantities, suggest substitutions, and walk users through hundreds of curated recipes. Founded in 2012 by a team of Dublin-based designers, the company positions the scale as the first of several planned smart kitchen products. The scale will retail for $99, with pre-order customers receiving an $80 promotional price before its holiday-season launch. Proceeds from the current financing will expand engineering, customer support, community, and marketing functions. While revenue or user numbers have not been disclosed, management cites strong pre-order interest as validation of consumer demand for connected kitchen devices.

Total raised
$23M
Funding rounds
3
Latest round
Series A
Latest activity
Jun 2020

Industries

  • Communities
  • E-Commerce
  • Product Design
  • Shopping
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Recent funding

  1. Series A

    Jun 2020

    $13M

  2. Series A

    Jan 2018

    $8M

  3. Seed

    Oct 2014

    $2M

Team