Droppe raised €2.2 million in seed funding from Lifeline Ventures and angel investors from Finland.

Droppe, a Helsinki, Finland-based startup building an industrial wholesale marketplace that connects European industrial buyers to European manufacturers, announced a seed funding round closed at €2.2 million ($2.5M).

The money was raised locally from Finland, from investors led by Lifeline Ventures, and joined by angels Ilkka Paananen (CEO & Co-founder of Supercell) and Miki Kuusi (CEO & Co-founder of Wolt).

Proceeds will be used to expand its operations to Germany and further accelerate their growth in Sweden and Finland.

Droppe, founded in 2020 by Henrik Helenius and Johannes Salmisaari, is building a marketplace for European industrial wholesale companies, providing industrial buyers with access to an online sales channel, and helping with bulk order products via the internet. The company has around 30 suppliers and from the Nordics and says it onboarded on the platfrom some 500 SMEs, industrial key players and publicly listed companies in Europe, producing a GMV of €4 million in 2021.