# Massdrop

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.drop.com
- Total disclosed funding: $123M
- Latest round: Series C (Apr 29, 2019)
- Investors on record: 8

## About

Based in the US, Massdrop, Inc. operates as an online retail platform that connects enthusiasts to high-quality, community-driven products in tech and lifestyle categories.Massdrop, Inc. focuses on providing a unique platform for tech enthusiasts and gamers to access specialized products. Founded in 2012 and headquartered in San Francisco, US, the company has completed a total of 6 deals. The most recent deal was a Series B funding round completed on April 23, 2021, where the company raised USD 2.00 mn, bringing the total amount raised to USD 2.00 mn and achieving a current company valuation of USD 126.053 mn. The founders include Fernando Zavala, Floyd Vasquez, Jonathan Stanley, and Nelson Wu, while Felipe Norman, Floyd Vasquez, Jc Clark, and Jonathan Stanley currently serve as CEOs.Drop specializes in high-performance mechanical keyboards, audiophile headphones, and customizable accessories designed to enhance the user experience for tech enthusiasts and gamers. The company's core product offerings include a range of mechanical keyboards that feature customizable keycaps, switches, and layouts, allowing users to create a personalized typing experience. Drop’s audiophile headphones and amplifiers cater to discerning clientele looking for superior sound quality, while their desk accessories, such as desk mats and lighting, complement their core products. These products are aimed at individual consumers, gamers, and professionals who value functionality and performance. Drop sells its products primarily in North America, Europe, and parts of Asia, targeting tech-savvy consumers and building a community around shared interests in mechanical keyboards and high-fidelity audio.Drop generates revenue through direct-to-consumer sales via its online platform, where customers can purchase individual products or bundled offerings. The company's flagship products include customizable mechanical keyboards and premium headphones, which are sold at competitive prices reflecting their quality and features. Revenue streams are structured around one-time purchases as well as targeted promotions and limited-edition releases that leverage seasonal sales and community engagement. Drop also engages in partnerships with retailers to expand their market presence. While specific pricing details are not disclosed, the company's revenue model centers on appealing to both dedicated enthusiasts and casual users, thus enhancing customer loyalty and repeat purchases through unique product offerings.In March 2021, Massdrop, Inc. raised an undisclosed amount of venture debt funding from new investor Multiplier Capital. The company is exploring the design and launch of upcoming products to further enhance its offerings. Additionally, plans include expanding its market presence in Europe and Asia by the end of 2022, aiming to tap into new customer segments and strengthen community engagement around its products.

## Funding rounds

- Series C, Apr 29, 2019, $75M — Kleiner Perkins, Mayfield Fund, DAG Ventures, August Capital, Stanford University, Gaingels
- Series B, Aug 13, 2015, $40M — Mayfield Fund, August Capital, First Round Capital, Cowboy Ventures
- Series A, Sep 24, 2014, $6.5M — Kleiner Perkins, Mayfield Fund, First Round Capital, Cowboy Ventures
- Seed, Sep 1, 2013, $1.4M — Kleiner Perkins, First Round Capital, Cowboy Ventures

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed, Series A, Series C
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A, Series B
- Cowboy Ventures (https://capitalatlas.ai/funds/cowboy-ventures) — Seed, Series A, Series B
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series A, Series B, Series C
- August Capital (https://capitalatlas.ai/funds/august-capital) — Series B, Series C
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series C
- Stanford University — Series C
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series C