ConceptDrop
Latest round
- Seed
Last raised
- May 2016
Total raised
- $1.1M
Investors
- 5
About ConceptDrop
Founded in 2012, ConceptDrop (now Source) is headquartered in Chicago, US, focusing on freelance management solutions. Phil A. is one of the co-founders, while Adam Krumwiede serves as the CEO.Source offers a comprehensive freelance management platform that streamlines the hiring and management of vetted freelancers across various sectors, including creative, digital, and consulting services. The platform allows businesses to efficiently scale their teams by providing access to a thoroughly screened pool of freelance talent.Source generates revenue through a flexible model that includes pre-paid retainers for project-based work. Clients pay a set fee to access talent on demand, allowing for effective budget management as they draw down on retainers. This structure facilitates easy hiring of freelancers without long-term financial commitments.1 mn, will support Source's growth plans, which include the design of new products and potential geographic expansion. The company aims to enhance its freelance management offerings and plans to target additional markets in Europe and North America within the next 2 years.
Who invested in ConceptDrop
5 investors across 1 round
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Funding rounds
Seed
May 20, 2016
Amount
$1.1M
Investors
Questions about ConceptDrop
Who invested in ConceptDrop?
ConceptDrop has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ConceptDrop raised?
ConceptDrop has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did ConceptDrop last raise money?
ConceptDrop's most recent round on record is a Seed, in May 2016.
What does ConceptDrop do?
Founded in 2012, ConceptDrop (now Source) is headquartered in Chicago, US, focusing on freelance management solutions.
Where is ConceptDrop headquartered?
ConceptDrop is headquartered in Chicago, US.
Which VCs invest in companies like ConceptDrop?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at ConceptDrop's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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