202123 Nov

TheDrop.com Raises $4.6M in Series A Funding

Summary

TheDrop.com, a Las Vegas NV-based Youth Lifestyle marketplace platform that syncs with hundreds of the trendiest streetwear, sneaker and skateboard brands and boutiques, raised $4.6M in Series A funding. The round was led by Continental Investment Partners and Rimrock Venture Partners. The company, which has now raised $8.5m in total, intends to use the funds to launch new content and brand ‘storytelling’ strategies, create real-time personalization across its user experience, and bring its entire DTC ecosystem to new parts of the world. Led by CEO Matt Falcinelli, TheDrop.com provides marketplace platform aggregating and curating products which are targeted to the Millennial and Gen Z consumer. Through its proprietary platform, TheDrop synchronizes the inventories of 300+ brands from the U.S., UK, Australia and Mexico, as well as over 30 of the top Streetwear, Sneaker, and Skateboard shops from across the country.

Source: Finsmes

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Companies