Companies · Software / Tech

Drop Technologies Inc. /CA

TORONTO · Software / Tech · refined from filed group “Other”

Diligence memoA one-page analyst read on Drop Technologies Inc. /CA — recommendation, valuation, rhythm, risks.→
$17.6M
Total raised · real
1
Rounds
—
Latest step-up
Top 24%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jul 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Drop Technologies Inc. /CA looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.67× the median modeled value of Series B Software / Tech companies in 2019–2021 (142 peers) — value vs value, same stage and era.
  • Within the normal band (67% of peer median) for its niche.
Dormant
  • Last raise 4.9 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Software / Tech

Drop Technologies Inc. /CA is one of 3920 Software / Tech companies tracked from TORONTO. By capital raised it ranks in the upper tier (ahead of 77% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
9
Investors (latest)
2021-07-30
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2021-07-30 Raised $18M (real) Modeled valuation $368M (est)$18M$368MSeries B2021

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$17.6M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$367.6M
Base estimate est.
$43.2M
Conservative case
$1.2B
Upside case
$97.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series B — a $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
4.9 yr
Elapsed time used
4.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
5.2 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages)▲ 3.8× above median
This company$17.6M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage)▼ 0.9× of median
This company$17.6M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages)▲ 10× above median
This company$367.6M
Sector median$36.6M

Raised more than 77% of sector peers (real $). Modeled value above 88% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #111 of 142.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Trackonomy Systems, Inc. · Series B Raised $49.2M · modeled $1.2B (est)Tray.IO Inc. · Series B Raised $59.3M · modeled $1.1B (est)Unravel Data Systems, Inc. · Series B Raised $56.2M · modeled $1.1B (est)Salus Labs, Inc. · Series B Raised $35.0M · modeled $1.1B (est)Anchor Labs, Inc. · Series B Raised $33.7M · modeled $1.0B (est)Compound Labs, Inc. · Series B Raised $41.8M · modeled $1.0B (est)Mode Analytics, Inc. · Series B Raised $72.3M · modeled $996.8M (est)Cleo Labs, Inc · Series B Raised $84.7M · modeled $958.4M (est)Bevy Labs, Inc. · Series B Raised $55.0M · modeled $956.5M (est)Temperpack Technologies Inc. · Series B Raised $79.9M · modeled $940.4M (est)Hound Labs, Inc. · Series B Raised $49.2M · modeled $933.9M (est)Cloud Elements, Inc. · Series B Raised $60.2M · modeled $913.7M (est)Drop Technologies Inc. /CA (this company) Raised $17.6M · modeled $367.6M (est)Drop Technologies Inc. /CA
CompanyStageRaised · realValue · estvs peer med.
Trackonomy Systems, Inc.Series B$49.2M$1.2B2.16×
Tray.IO Inc.Series B$59.3M$1.1B2.06×
Unravel Data Systems, Inc.Series B$56.2M$1.1B1.95×
Salus Labs, Inc.Series B$35.0M$1.1B1.95×
Anchor Labs, Inc.Series B$33.7M$1.0B1.88×
Compound Labs, Inc.Series B$41.8M$1.0B1.84×
Mode Analytics, Inc.Series B$72.3M$996.8M1.83×
Cleo Labs, IncSeries B$84.7M$958.4M1.76×
Bevy Labs, Inc.Series B$55.0M$956.5M1.75×
Temperpack Technologies Inc.Series B$79.9M$940.4M1.72×
Hound Labs, Inc.Series B$49.2M$933.9M1.71×
Cloud Elements, Inc.Series B$60.2M$913.7M1.67×
Drop Technologies Inc. /CA this companySeries B$17.6M$367.6M0.67×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$17.6M2021-07-30$97.9M$367.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$17.6M2021-07-30
    • First recorded raise — entered as Series B.
    • 9 investors on this round.
Intelligence
—
Modeled next raise
$28.2M
Modeled next size est.range $18.3M–$45.1M
—
Last step-up
—
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Rick Yang—9 other2021-07
Brian Sinclair——2021-07
Cameron Dearsley——2021-07
Darren Fung——2021-07
Derrick Fung——2021-07
Onsi Sawiris——2021-07
Paul Crowe——2021-07
Win Bear——2021-07
Registry & provenance

Drop Technologies Inc. /CA is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1914359
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Focal App, Inc.Software / TechSeries B$21.2M$298.3Mnetwork1 shared operator · same sector · same stage
Yotta Technologies Inc.Software / TechSeries B$17.8M$458.5Msame sector · same stage
Clear Wave Delivery Systems LLCSoftware / TechSeries B$17.4M$194.3Msame sector · same stage
Kizen Technologies, Inc.Software / TechSeries B$17.4M$195.2Msame sector · same stage
Framework Computer IncSoftware / TechSeries B$17.9M$315.9Msame sector · same stage
Hcai Technology Inc.Software / TechSeries B$17.9M$251.3Msame sector · same stage
Yup Technologies Inc.Software / TechSeries B$17.9M$488.3Msame sector · same stage
Amberflo.io, Inc.Software / TechSeries B$18.0M$202.8Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
DropWise Technologies Corp.Software / TechSeed$95.2M87%
Clear Software, Inc.Software / TechSeed$35.9M83%
Keep Technologies Inc.Software / TechSeries A$89.6M83%
Further Technology Holdings, Inc.Software / TechSeries A$56.8M82%
Fallbrook Technologies Inc.Software / TechSeries B$243.6M82%
Dropee Inc.OtherSeed$40.7M82%
RAIN Technology Inc.Software / TechSeed$8.6M82%
Rain Technologies Inc.Software / TechSeries B$137.9M82%
Frequently asked
How much funding has Drop Technologies Inc. /CA raised?
Drop Technologies Inc. /CA has raised approximately $17.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Drop Technologies Inc. /CA's estimated valuation?
Provath's modeled valuation for Drop Technologies Inc. /CA is approximately $367.6M (modeled range $43.2M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Drop Technologies Inc. /CA at?
Drop Technologies Inc. /CA's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jul 30.
What does Drop Technologies Inc. /CA do and where is it based?
Drop Technologies Inc. /CA operates in the Software / Tech sector, based in TORONTO.
Explore related

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