Drop, a Dublin, Ireland- and San Francisco, CA-based smart kitchen company, secured $8m in Series A funding.
The round was led by Alsop Louie Partners with participation from Frontline, WI Harper, and Ireland’s top chef, the Michelin-starred Ross Lewis. In conjunction with the funding, Stewart Alsop, a founder and lead partner at Alsop Louie Partners, joined Drop’s board of directors.
The company intends to use the funds for working capital to continue development of its KitchenOS platform for connected appliances as well as to support partnerships with appliance manufacturers worldwide.
Led by Ben Harris, CEO and co-founder, Drop connects smart appliances to recipes through a single platform, the Drop Recipes app. The app, available for free on the App Store and Google Play, has thousands of quality recipes from partners like Food 52 and Good Housekeeping, plus top chefs like Donal Skehan and Jessica Entzel.
The company has already launched partnerships with Bosch and GE Appliances with more partnerships to be announced through 2018.
FinSMEs
09/01/2018