Drip Capital was founded in 2014 by Pushkar Mukewar and Neil Kothari. The company has not publicly endorsed plans to participate in an IPO.
Drip Capital is an international trade finance platform for small to medium sized businesses. As of 2021, the company offers collateral-free financing options to businesses in the United States, India, and Mexico. Drip Capital has raised more than $525 million in venture capital funding from investors including TI Platform, Accel, Sequoia, Wing VC, Irongrey, and GC1 Holdings. The company did not disclose valuation figures following a $175 million fundraising round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/05/2024 | Series C | $63MM | $xx.xx | $347.55MM | Accel, Gc1 Holdings, GMO Payment Gateway, Irongrey, Sequoia, Sumitomo Mitsui Banking Corporation, Ti Platform, Wing Vc | |
Price per Share
$xx.xx
Shares Outstanding
4,924,722
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Gc1 Holdings, GMO Payment Gateway, Irongrey, Sequoia, Sumitomo Mitsui Banking Corporation, Ti Platform, Wing Vc
|
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07/24/2019 | Series B | $25MM | $xx.xx | $124.76MM | Accel, Sequoia India, Wing, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
4,009,494
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Sequoia India, Wing, Y Combinator
|
||||||
06/20/2018 | Series A | $17.1MM | $xx.xx | $51.07MM | Accel, Sequoia India, Wing | |
Price per Share
$xx.xx
Shares Outstanding
5,475,169
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Sequoia India, Wing
|
||||||
08/18/2015 | Series Seed-1 | $4.57MM | $xx.xx | $17.35MM | Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
3,092,872
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Y Combinator
|
||||||
08/18/2015 | Series Seed-2 | $69,959.20 | $xx.xx | $17.35MM | Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
74,314
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Y Combinator
|
||||||
08/18/2015 | Series Seed-3 | $246,942.36 | $xx.xx | $17.35MM | Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
229,543
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Y Combinator
|
||||||
08/18/2015 | Series Seed-4 | $59,999.41 | $xx.xx | $17.35MM | Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
49,574
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Y Combinator
|
||||||
08/18/2015 | Series Seed-5 | $99,998.79 | $xx.xx | $17.35MM | Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
75,108
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Y Combinator
|