How much did Droppa raise in its Convertible note?

ZAR 5M, announced on 2 December 2019.

Who invested in Droppa's Convertible note?

1 investor is named for this round: IDF Capital (lead).

Funding roundConvertible note

Droppa Convertible note

Droppa raised ZAR 5M in a Convertible note led by IDF Capital. It was announced on 2 December 2019.

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1 sourceSource: SLA Funding IndexHow we verify →

Amount raised: ZAR 5M; ZAR
Announced: 02 Dec 2019; 6 years ago
Investors: 1; 1 lead

Investors in Droppa's Convertible note1

Lead

IDF Capital
Venture Capital
LeadProfile of IDF Capital →

About this round

Convertible note from IDF Capital (sole named investor). Ventureburn (2 Dec 2019) reports the deal was concluded about two weeks earlier and that the investment was 'over R5-million' (CEO pressed; exact amount and stake not disclosed). Amount recorded as R5,000,000 with 'over' wording retained in notes; no USD conversion sourced. Export claimed USD 1M, not supported. Date_announced is the article publication date; closing date unknown.

Sources for this round1

ventureburn.comVentureburn: SA on-demand truck hire startup Droppa nets multi-million rand investment (published 2 Dec 2019)

Frequently asked about Droppa's Convertible note

How much did Droppa raise in its Convertible note?: ZAR 5M, announced on 2 December 2019.
Who led Droppa's Convertible note?: IDF Capital led the round.
Who invested in Droppa's Convertible note?: 1 investor is named for this round: IDF Capital (lead).