dripcapital.comFinTech / PaymentsFounded: 2014Funding to Date: $404.73MM
Drip Capital is a tech-enabled trade finance solutions company geared toward creating simplified solutions for small businesses financing imports or using credit lines to pay their importers. Drip Capital was founded in 2014 by Pushkar Mukewar and Neil Kothari and is headquartered in Palo Alto, CA.
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
|
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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
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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
|
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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
|
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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
|
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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
|
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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
|