Dropp is apparently broke

Last week, Spokebase, the company behind the Dropp brand, filed for bankruptcy. A year ago, the start-up was still raising money from investors like Atlantic Ventures.

Last year, Dropp still closed a pre-seed financing round of two million euros, but now the start-up is apparently bankrupt. The Tagesspiegel reported this, citing a notice of insolvency by Spokebase, the company behind the brand, in the register of the Charlottenburg district court.

Nicolas Pörschke, Alessa Kristina Vogler and Philip Braun founded Dropp last year in Berlin. The start-up offers a delivery service for e-commerce companies. These can store their goods with Dropp. Dropp's e-bike couriers then deliver the products to customers within three hours of ordering. Companies can easily integrate the service into their own online store.

The start-up's investors to date include Atlantic Ventures, Kima Ventures, Collective Ventures and former Gorillas managers Ronny Shibley and Jörg Kattner.