Drip Capital

About

Drip Capital offers trade financing product targeted towards SMEs in developing markets.

Palo Alto,California,United States
101 - 250
https://www.dripcapital.com/

Highlights

Details

Last Funding Type: Secondary Market
Industries: Blockchain,Finance,Financial Services,FinTech
Founded date: Jan 1, 2015
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Drip Capital Inc.
Also Known As: Drip

Drip Capital offers trade financing product targeted towards SMEs in developing markets. Its automated risk assessment model allows rapidly growing SMEs quick and easy access to finance. With a focus on technology, Drip aims to eliminate the hassle of paperwork and bureaucracy and create a seamless borrowing experience for its clients.

The company consists of a team of financial consultants, engineers and analysts from Wharton, Stanford, and IITs with years of experience at Standard Chartered, Black Rock and Yahoo. They are backed by leading Silicon Valley investors - Y Combinator and StartX. They are always eager to connect with sharp minds to grow within their quest to becoming the future of global trade finance.

Drip Capital was founded in 2015 and is headquartered in Palo Alto, California.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

12

$355.12M

Drip Capital has raised a total of $355.12M in funding over 2 rounds. Their latest funding was raised on Apr 7, 2022 from a Secondary Market round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 7, 2022	Secondary Market	—	1	—	—	Detail
Oct 28, 2021	Debt Financing	$135M	2	Barclays Investment Bank	—	Detail
Oct 28, 2021	Series C	$40M	7	TI Platform Management	—	Detail
Mar 25, 2021	Debt Financing	$40M	1	East West Bank	—	Detail
Jan 1, 2021	Debt Financing	$60M	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

4

0

Drip Capital has made 4 investments. Their most recent investment was on Nov 2, 2022, when Arta Finance raised $90M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 2, 2022 Arta Finance	Series A	$90M	Finance	—
Aug 29, 2019 Yubico	Series Unknown	$25M	Cloud Security	—
Aug 27, 2013 Heap	Seed	$2M	Analytics	—
Jun 18, 2013 Filestack	Seed	$1.80M	Cloud Computing	—

Investors

Number of Lead Investors

Number of Investors

9

23

Drip Capital is funded by 23 investors. Barclays Investment Bank and TI Platform Management are the most recent investors.

Investor Name	Lead Investor	Funding Round
Barclays Investment Bank	Yes	Debt Financing
TI Platform Management	Yes	Series C
Silicon Valley Bank	Yes	Debt Financing
Raison Asset Management	—	Secondary Market
East West Bank	—	Debt Financing
Accel	—	Series C
GC1 Ventures	—	Series C
Irongrey	—	Series C
Sand Hill Angels	—	Series C
Sequoia Capital India	—	Series C