The Drop Technology
Latest round
- Seed
Last raised
- Mar 2017
Total raised
- $0.3M
Investors
- 1
About The Drop Technology
The Drop Technology Ltd.The Drop Technology Ltd. was founded in 2017 and operates out of London, UK. The company develops personalized clothing solutions, pivoting towards on-demand production to counteract fast fashion waste. The founders, Damian Clarke and Jonathan Kruger, have a background in the fashion industry.5 million.The company provides custom-made suits tailored to individual measurements, taking measurements post-checkout to address sizing issues common in off-the-peg clothing. Their offerings include laser-cut and hand-finished suits in various styles and colors, emphasizing sustainability through on-demand production.The company's revenue is generated primarily from direct-to-consumer sales of bespoke suits, with prices starting at GBP 299 for a two-piece suit and increasing based on style and complexity. Customers engage in a straightforward online purchasing process, selecting suit styles and providing measurements, which promotes smooth transactions. Customization options, including embroidery and unique linings, are available at no extra charge, fostering customer loyalty and repeat business.In November 2018, The Drop Technology Ltd. The company plans to expand its product line to include new suit styles and accessories, with launches scheduled in the upcoming year. Additionally, they aim to enter new markets across Europe by the end of 2024, focusing on countries with a growing demand for bespoke fashion.
Who invested in The Drop Technology
1 investor across 1 round
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Funding rounds
Seed
Mar 27, 2017
Amount
$0.3M
Investors
Questions about The Drop Technology
Who invested in The Drop Technology?
The Drop Technology has 1 investor 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 The Drop Technology raised?
The Drop Technology has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did The Drop Technology last raise money?
The Drop Technology's most recent round on record is a Seed, in Mar 2017.
What does The Drop Technology do?
The Drop Technology is a consumer products company.
Where is The Drop Technology headquartered?
The Drop Technology is headquartered in London, UK.
Which VCs invest in companies like The Drop Technology?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back consumer products companies at The Drop Technology's stage. Their profiles are linked below.
VCs backing consumer products startups at Seed
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