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§ Private Profile · Chicago, IL, USA
A platform connecting enterprises with freelance creative professionals for on-demand design and marketing services.
ConceptDrop, now operating as Source, is a Chicago, Illinois-based enterprise marketplace platform that uses algorithmic matching to connect businesses with freelance creative professionals for on-demand design and marketing services. The company has raised a total of $2.76 million in venture capital and debt financing to support its operations, which previously included a global team of eight full-time employees. The platform serves approximately 50 unique companies on a monthly basis, providing curated freelance support to notable corporate enterprise clients such as Google and Expedia. ConceptDrop has secured financial backing from lead investor Network Ventures alongside 500 Startups, and it also partnered with Microsoft to develop software integrations for Office 365. Prior to its corporate rebranding, the startup reportedly declined an $8 million acquisition offer to pursue independent market growth. ConceptDrop was founded in 2012 by Phil Alexander.
ConceptDrop has raised $1.1M across 1 funding round.
ConceptDrop has raised $1.1M in total across 1 funding round.
ConceptDrop has raised $1.1M in total across 1 funding round.
ConceptDrop's investors include Jeffrey Maters, 500 Startups, Fulcrum Investing, G2T3V, M25.
ConceptDrop has raised $1.1M across 1 funding round. Most recently, it raised $1.1M Seed in May 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 20, 2016 | $1.1M Seed | Jeffrey Maters | 500 Startups, Fulcrum Investing, G2t3v, M25 | Announced |