In March, 2008 Drop.io, Inc. a private conpany established in 2007, disclosed a recent business deal. The company will receive a 2.7 million dollar investment from two New York based capital funds, DJF Gotham and RRE Ventures.
Drop.io, Inc. provides an online platform to customers to share such things as documents, videos, and photos. This business deal will allow Drop.io, Inc. to spend more on its marketing efforts. Drop.io offers a platform to customers for private exchange to share with others through the Internet. The company provides ample online space for customers to exchange multiple sharing methods such as e-mail, uploading the web, and voice mail.
Drop.io Inc. covers a wide range of customers throughout the world. RRE Ventures, established in 1994, is a venture capital fund. It invests in communications, IT and financial service sectors.
It is based in New York and is currently one of the premier venture capital funds in the United States,with an asset value of 850 million dollars.
RRE offers unique management solutions with its own investment expertise, which helps early-stage companies grow quickly. To date, the company has completed ninety successful transactions.
DFJ Gotham Ventures, situated in New York City, is a developing venture capital company. It mainly invests in the software companies of the Northeast United States and Israel. It is a division of Draper Fisher Jurvetson Global Network, the world’s largest venture capital network.
Drop.io, Inc. will use the investment money to finance upcoming projects.
The investment deal will accelerate the company’s marketing efforts. Therefore, the company will be able to expand its businesses rapidly.
Drop.io, Inc. infrastructure and engineering teams will work with RRE’s highly qualified and experienced management professionals.