We are proud to announce that OpenOcean led Droppe’s 3,9M€ seed funding round. Droppe, a pioneering Finnish company in B2B distribution, is changing the way how businesses source, order and manage supplies. Their platform enables direct shipments from suppliers to customers, making supply chains more efficient and sustainable.
Our relationship with Droppe started well before this investment. The company's vision and the platform's development caught our eye a couple of years back. When Johannes and Henrik came back to us last fall showing significant growth, we knew it was time for a deeper look.
Droppe is genuinely transforming B2B distribution with their fully digital solution. Their platform offers real-time reporting, insights, analytics and recommendations, enabling both buyers and suppliers to operate more efficiently. Droppe has the capability of completely reshaping the way businesses procure and manage industrial supplies in the future.
Several key factors made us confident in investing in Droppe. Founders Johannes and Henrik are ambitious, insightful and fast-moving leaders who have proven their ability to drive their company forward. In 2023, Droppe experienced rapid growth, attracting top European suppliers and enterprise buyers to their platform. This traction was a clear sign that they are onto something big.
Droppe’s alignment with OpenOcean’s investment strategy lies in their data-driven approach to B2B distribution. Their platform, with its comprehensive product database and detailed specification matching, simplifies sourcing for maintenance, repair and operations (MRO) products like never before.
The strengths of Droppe’s team are undeniable. Johannes and Henrik have a bold vision for revolutionising their industry. Their rapid learning capabilities, swift iteration and data-driven product development significantly contribute to Droppe's success. These qualities are exactly what we at OpenOcean look for when considering investments.
Looking ahead, I am eager to see Droppe scale its business worldwide. In the mid-term, we expect them to attract more buyers and suppliers, introduce more products to the marketplace, and venture into new European markets while expanding their team to meet growing demand and drastically increase revenues.
We look forward to supporting their journey and witnessing their ongoing success.
About Droppe
Founded in 2020, Droppe now serves over 1,500 companies across Europe, with its largest markets in the Nordics and DACH region. The Source-to-Order Platform supports various businesses, from local service and restaurant chains to Europe’s largest light manufacturing enterprises. Streamlining both the sourcing and ordering processes provides significant value to these organisations' procurement, operations, quality and finance teams.
Operating from offices in Helsinki and Cologne, Droppe is driven by a world-class team committed to establishing online B2B distribution as the global standard. Visit droppe.com for more information.
