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Bitcoin shopping rewards platform Lolli closes $10 million Series A funding round

Lolli, a bitcoin (BTC) shopping rewards app, announced today the close of a $10 million Series A financing round led by early Chime backer, Acrew Capital.


The round also included Banana Capital, Up North Management, and Animal Capital, the Gen. Z-focused venture capital fund founded by social media stars Josh Richards, Griffin Johnson, and Noah Beck.

Plus, this Series A funding round saw investments from influencers and entrepreneurs such as Logan Paul, Chantel Jeffries, Lauren Riihimaki of LaurDIY, Kenny Beecham, and Baron Davis.

Additionally, the raise includes a recommitment from many of Lolli’s early investors, including Alexis Ohanian’s Seven Seven Six, 3K VC, Gabriel Leydon, and Forerunner Ventures.

This new funding will aid in expanded hiring, new partnerships, and further development of Lolli’s newly launched mobile app.

Founded in 2018 by Matt Senter and Alex Adelman, Lolli gives users BTC rewards on everyday purchases.

Shoppers can use Lolli’s mobile app or browser extension to earn rewards at more than 1,000 top retailers and Fortune 500 companies including Kroger, Microsoft, and Booking.com.

To date, Lolli users have earned more than $3.5 million in rewards.

Source:
Lolli

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