# Maindrop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maindrop

- Industry: Financial Services
- Headquarters: US
- Website: www.maindrop.xyz
- Latest round: Seed (Apr 11, 2023)
- Investors on record: 1

## About

Based in Jeddah, Saudi Arabia, and co-founded by Jayme Hoffman (CEO) in 2021, Maindrop, formerly known as Newzip, launched by Allthing, operates as a technology-based financial services company specializing in NFT (non-fungible Token). The firm raised its venture funding by Y Combinator and Goodwater Capital in March 2023, and pre-seed funding by Orange DAO in April 2022.

The company offers a fintech platform to NFT developers allowing them to create and send NFTs with no fees or royalties. Through the platform users can send NFTs gifts to anyone through Email, phone number, Ethereum wallet, and ENS (Ethereum Name Service). The product offering includes NFT templates that users can customize to send NFT cards, and the option to upload one's own design to create a personalized NFT.

## Funding rounds

- Seed, Apr 11, 2023 — Pioneer Fund

## Investors

- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed