Finnish startup Droppe raises €2.2 million to create a one-stop-shop for European industrial wholesale

With the aim to build a more connected European industrial wholesale market, Droppe has just raised €2.2 million. The round was led by Lifeline Ventures and joined by angel investors Ilkka Paananen (CEO & Co-founder of Supercell) and Miki Kuusi (CEO & Co-founder of Wolt). 

Founded in 2020, the young company is building an online marketplace that directly links European industrial equipment manufacturers with industrial buyers. The marketplace addresses the top concern for industrial buyers at present – finding and stocking operating  Currently, the top concern for industrial buyers is finding and stocking operating supplies that are painless to buy in bulk, low in cost and responsibly sourced. 

Industrial buyers can now bulk order products for food manufacturing and industrial manufacturing ranging from hairnets to aprons and protective gloves through Droppe’s online platform. 

Droppe’s vision is to make the European wholesale industry more connected by creating shorter and more responsible supply chains. Companies European wholesale industry more connected by creating shorter and more responsible supply chains

Johannes Salmisaari, the CEO and Co-founder of Droppe, explained: “As industrial wholesale moves online, more and more industrial buyers will be looking for new ways to bulk order products via the internet. Droppe is the first in the market to build a European industrial wholesale marketplace, a mission that we are excited to continue building and expanding with new resources. Our vision is to create a trustworthy community of European buyers and manufacturers and through that, build a stronger European wholesale market.”

The Finnish startup has already bootstrapped €4 million GMV and reached over 500 customers including SMEs to publicly listed companies. With the newly raised seed round, Droppe will expand its operations to Germany and further accelerate its growth in Sweden and Finland.