The round was led by CoinFund, with additional backing from CMS Holdings, Anagram, Interop Ventures, Cosmostation, and others. Notable angel investors include Vasiliy Shapovalov (Co-founder of Lido DAO), Mustafa Al-Bassam (Co-founder of Celestia Labs), and Jon Kol (CEO of Abacus Labs, a core contributor to Hyperlane). The Drop team is led by former Lido and P2P contributors, and the protocol is built as an Integrated Application on Neutron.

Drop is a secure liquid staking protocol focused on strengthening the economic viability of Interchain economies by transforming stagnant, frozen assets into flowing streams of opportunity. Built as an Integrated Application on Neutron, Drop's smart contract architecture leverages the Inter-Blockchain Communication (IBC) protocol and Neutron's Interchain Transactions (ICTX) and Interchain Queries (ICQ) modules, enabling the protocol to provide trust-minimized liquid staking services and scale with minimal additional overhead and risk.