Startup Spaces: A look inside Drop's office in Toronto's St. Lawrence neighbourhood (VIDEO)
Toronto is home to many tech startups, one being Drop, an app that streamlines people’s online shopping to be more rewarding.
The company was founded in 2015, by entrepreneur Derrick Fung, and has raised $71 million to date with more than 3.2 million users in Canada.
Located in Toronto’s vibrant St. Lawrence neighbourhood, the open-concept space houses a growing company of 65 people and is currently hiring for more positions in engineering, product, and sales.
Drop office space (Photo courtesy of Drop)
Drop is targeting millennials, hoping to replace physical wallets full of loyalty cards with an app that lets users earn cash rewards on purchases with a variety of big-name brands like Uber, Starbucks, Best Buy, Whole Foods, and Nike.
Basically the app allows users to link their credit cards to the Drop platform, which tracks spending with the partner brands, automatically calculating rewards points for customers.
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So far, the startup has over 300 partner brands, has rewarded over $19 million to customers and has made over $350 million in sales.
In 2018, the company moved to its current location because of the business’s rapid expansion. But it was important for the startup that the office remain in Toronto.
“We were founded in Toronto and love being a part of the tech ecosystem here,” Matthew Himel, Head of Business Development said. “We believe Toronto is an incredible place to build a company, especially one disrupting loyalty and rewards, which is a deeply rooted industry here.”
Drop office space (Photo courtesy of Drop)
The office is also full of fun features like catered lunches, ping pong tables, unlimited snacks and drinks, off-site team-building events, e-scooters for running errands around the office, and most importantly, dogs are welcome.
Not only does the office have these workplace perks, but employees can also work remotely, have unlimited vacation, and unlimited care days.
“We want the office to be a place where people want to come in and work and feel like
they can do so better than anywhere else,” Himel said. “We have very flexible work from home and vacation policies that allow our team to make decisions that reflect their busy lives, and we want the office to be a place where they enjoy getting their work done.”
Check out Drop’s Toronto office space below:
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