The team was founded in 2015, using Drops branding for the next 6 years. In 2018
Trek Bikes became title sponsors of the team. In 2019 the team reverted to its previous name as
Trek ended their sponsorship after one year in order to start their own team. When a prospective replacement sponsor also pulled out the team launched a crowdfunding campaign in order to stay afloat and raised £25,000. In December 2020 it was announced that the team's clothing supplier
Le Col would step up to co-title sponsor for the 2021 season after agreeing to double their investment in the team. They were joined by American mattress and pillow manufacturer
TEMPUR. The team confirmed that funding would not go as far as being able to pay a salary to riders, something Drops has always been transparent about its inability to do. In August 2021 Le Col signed a two-year extension taking their sponsorship through to 2023. In doing so it was announced that they would be trebling their annual investment in the team. It was also announced that the teams tyre supplier
Mavic would extend and increase their sponsorship of the team into 2022. In the following weeks the team announced a number of new rider signings and contract renewals with a number of 2 year contracts confirmed for the first time in the team's history. In January 2022 it was announced that
Wahoo would become the teams co-title for 2022 with the team being renamed Le Col–Wahoo. In November 2022, Le Col did not renew their contract, with funding around €400,000 required to keep the team running. Staff and riders were told to look elsewhere for 2023 contracts. In January 2023, it was announced that holistic wellness company Lifeplus would join the team as title sponsor, with the team becoming Lifeplus–Wahoo. Former professional cyclists
Małgorzata Jasińska and
Morgan Kneisky joined the team as team managers. Over half of the 2023 roster is aged under 23. ==Team roster 2023==