Drop.io raises $1,450,000

Drop.io, Inc., the simple private exchange platform, announced today that it closed a $2.7M ($1.45 mm additional) Series A-1 financing.  Drop.io allows consumers to create their own private online spaces where they can easily share photos, videos, documents, and other types of media with others. By default, drops are “private” — consumers control how and with whom drops are shared. Drop.io never requires any type of account registration, and all drops can be password-protected and set to expire after a period of time. Drop.io provides multiple methods of sharing content — by uploading through the Web site, sending email or MMS messages to the drop email address, faxing assets in and out, or by calling the drop voicemail number to leave a voice notes. The service is used by an incredibly wide range of users ranging from mothers sharing baby photos to large companies using ‘drops’ as collaborative workspace. The company was founded by Sam Lessin and Darshan Somashekar in 2007.