Finnish startup Droppe raises €3.9M in funding to build its supply chain platform

The Helsinki-based startup Droppe has raised €3.9 million in funding led by OpenOcean, with participation from Lifeline Ventures and Illusian Family Office. The funding will help Droppe to develop its source-to-order platform.

About Droppe

  • Founded in 2020 by Johannes Salmisaari and Henrik Helenius, Droppe develops a source-to-order platform for buyers. The startup claims the platform helps to source, order, and manage the products any business can rely on.
  • According to the company, over 1,500 businesses use its solution today. Additionally, Droppe adds that more than 200 brands have chosen Droppe as part of their distribution strategy to expand their market share and enter new markets.

Investment details

  • The fresh round was led by OpenOcean, a pan-European early-stage Venture Capital investor with offices in Helsinki and London. Its investment strategy focuses on leading or co-leading Series A investments with initial ticket sizes up to €5 million in European companies driving the data economy, including B2B platforms and Enterprise Software technology.
  • Lifeline Ventures, Illusian Family Office, together with Miki Kuusi, co-founder of Wolt, Ilkka Paananen, co-founder of Supercell, Robert Gentz, co-founder of Zalando, Marianne Vikkula, COO of Wolt, and Mikko Silventola, also participated in the financing.

For brands, Droppe offers more than just an online distribution channel. It provides a scalable order management system and a powerful data engine that delivers actionable insights on matching demand with supply, helping brands understand how to expand their market share and enter new markets across Europe — putting them back in the driver’s seat of their success,

OpenOcean’s team commented on its LinkedIn page.

The fresh capital injection will help the startup to further develop its platform to provide the most efficient way for businesses to source and order their supplies.