Drop.io raises $2.7M for private file exchanges
Drop.io is an online “exchange platform”, providing users with a place to upload files that they can then invite others to download.
The simple upload / download function doesn’t do much to distinguish the site from a service like YouSendIt, which does essentially the same thing in a less attractive interface. However, Drop.io has also added in some social features, including invitation-only work-groups and meeting spaces centered around the uploaded files.
The $2.7 millon funding was the New York company’s first. It was led by DFJ Gotham, and joined by RRE Ventures.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.