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  6. DroppLabs Acquires Flyy

M&A Deal Summary

DroppLabs Acquires Flyy

On September 8, 2022, DroppLabs acquired internet software and services company Flyy for 25M USD

Acquisition Highlights
  • This is DroppLabs’ 1st transaction in the Internet Software and Services sector.
  • This is DroppLabs’ largest (disclosed) transaction.
  • This is DroppLabs’ 1st transaction in the United States.
  • This is DroppLabs’ 1st transaction in New York.

M&A Deal Summary
Date 2022-09-08
Target Flyy
Sector Internet Software and Services
Buyer(s) DroppLabs
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Flyy

New York, New York, United States
Flyy is a social metaverse platform that develops a physical digital twin (phygital experience) to bridge digital and real-world locations for consumers, communities, and brands who aspire to seamlessly onramp into Web3. Flyy was founded in 2019 and is based in New York City.

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Buyer(S) 1

Buyer

DroppLabs

New York, New York, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

DroppLabs is a holistic Web3 solutions provider and platform. The dropp360º operating system applies a unique Dream, Develop, Deploy approach that transforms all aspects of an organization to win in the Web3 world. DroppLabs is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
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