Massdrop helps communities use their buying power.
Categories

Massdrop raises $6.5M to enable enthusiast communities to use their massive buying power

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Massdrop has raised $6.5 million to empower enthusiast communities. It can, for instance, help dedicated fans of BMW cars get a group discount on their purchases.

The San Francisco-based company hopes to inspire a new wave of community-driven commerce, founder and chief executive Steve El-Hage told VentureBeat. Massdrop wants to form online communities for enthusiasts — for everything from audio and electronics to quilting and cooking — so they can connect with like-minded people, discuss their favorite products, and buy those products using their collective buying power.

Unlock premium content and VIP community perks with GB M A X!
Join now to enjoy our free and premium membership perks.
Join Now
Already a member? Sign in
Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.