Fetch Rewards, a company that helps retailers manage and monetize their digital content, has raised $210M in Series D funding. The round was led by TPG Growth with participation from existing investors: Bessemer Venture Partners, Index Ventures, and Union Square Ventures. Fetch joins a growing list of unicorns in Madison, including Thrive Capital-backed DoorDash and Upverter. Founded in 2017 by current CEO Scott Knoll and CTO Brandon Wu, Fetch Rewards provides retailers with an AI-driven toolset to Manage and Monetize their digital content. The company claims to have processed more than $1B in transactions for its clients so far. As digital advertising becomes more important for retailers, companies like Fetch Rewards are becoming increasingly valuable. With this latest round of funding, the company is poised to continue expanding its platform into new markets and helping retailers make more money from their online presence.
Fetch Rewards’ Solution
Madison, WI-based Fetch Rewards is a mobile app that rewards customers for spending their money in stores. The company has raised $M in two rounds of funding. Fetch Rewards was founded by CEO Daniel Sussman and CTO Dan Shapiro.
The company’s first funding round was led by Venrock, with participation from Jawbone Ventures and Crosslink Capital. The latest round was led by Meritech Capital Partners and includes participation from NEA, First Round Capital, New Enterprise Associates (NEA), and Felicis Ventures.
Fetch Rewards’ solution is to reward customers for spending their money in stores. This system works by automatically transferring a percentage of the customer’s purchase worth to their account, based on how often they visit the store and make purchases. Customers can also earn rewards through special offers or rewards programs offered by individual stores.
Fetch Rewards currently operates in 29 states across the U.S., as well as in Canada and the United Kingdom. The company plans to continue expanding its operations into new markets while also developing new ways to reward customers for spending their money in stores.
The Company’s Ecosystem
Fetch Rewards is a Madison, WI-based company that offers a rewards program for pet owners. The company has raised $M in funding and is valued at north of $B.
Fetch Rewards operates a platform that allows pet owners to earn rewards for performing tasks such as taking their dog on walks or cleaning up after them. The company says that its goal is to make it easier for pet owners to care for their animals and provide them with rewards for doing so.
The Fetch Rewards ecosystem includes a mobile app, website, and loyalty program. The app allows pet owners to see their current rewards balance and track their progress toward goals. The website provides information on how to get started with the Fetch Rewards program, as well as tips on how to use the rewards system. The loyalty program lets pet owners earning points redeem them for items such as toys or treats.
Fetch Rewards has attracted a number of notable investors, including Greylock Partners and Mayfield Funds. In addition, the company has partnerships with companies such as PetSmart and Petco. Fetch Rewards says that it plans to use the money raised from its latest round of funding to expand its operations in the United States and abroad
How does the company make money?
Fetch Rewards, a Madison, Wisconsin-based company that operates a loyalty rewards platform for businesses, has raised $M at a valuation north of $B. The round was led by Index Ventures with participation from Floodgate, Formation 8 and Good Capital.
Founded in 2013 by brothers John and Nick Rojas, Fetch Rewards helps businesses reward their customers for spending at their establishments. The company’s platform offers merchants access to a large pool of engaged consumers who are already using other loyalty programs. In addition to rewarding customers with points and gift cards, Fetch Rewards also provides marketing support and24/7 customer support.
Fetch Rewards is currently available in more than 1,000 locations across the U.S., including restaurants such as Chipotle, Dunkin’ Donuts and Sonic. The company says it plans to expand its reach into new markets and businesses over the next several years.
What are the risks of investing in Fetch Rewards?
1. Fetch Rewards, a Madison, Wisconsin-based startup that connects consumers with local and national businesses for rewards and discounts, has raised $M in a Series A round led by New York-based Coatue Capital. The company was founded in 2013 by CEO Sarah Richardson and CTO Alex Scales.
2. Fetch Rewards offers two main services: its “Fetch” platform, which allows customers to search for deals from local businesses; and its “Rewards” program, which provides discounts on products and services from participating businesses. The company has partnerships with over 1,000 businesses across the United States and Canada.
3. Fetch Rewards’ Series A round is notable because it’s the first instance of venture capital being invested into a Madison tech startup since data analytics firm Clarity late last year raised $1M in seed funding. The city has been lauded for its Innovation Corridor—a stretch of downtown that includes companies like Epic Systems (which makes software used in hospitals), Workday (a HR software company), and Shutterfly (an online photo printing service)—and its growing number of venture capitalists is likely indicative of the city’s continued momentum as a hub for startups.
4. While there are inherent risks when investing in any startup, especially early-stage ones, Fetch Rewards’ traction among local businesses gives it an edge over many competitors. Additionally, the company has developed partnerships with some well-known brands, giving it an even
The valuation of Fetch Rewards
Fetch Rewards is a Seattle-based company that provides a loyalty rewards platform for businesses. In December 2017, the company announced it had raised $M in a Series A round of funding. At the time of the investment, Fetch Rewards was said to be worth north of $B.
Fetch Rewards’ platform allows businesses to create rewards programs for their customers, as well as track and manage customer data. The company says its platform has been used by companies like Amazon, Starbucks and Nike.
According to Fetch Rewards CEO Matt Mullenweg, the company is seeing strong demand from small businesses that want to offer rewards programs but don’t have the resources or staff to do so themselves. He also noted that large businesses are starting to use Fetch Rewards as well, because they see the benefits of increased customer loyalty and reduced marketing costs.
What are the future plans for the company?
Fetch Rewards, a Madison-based company that provides rewards programs to businesses, has raised $M in Series A funding. The company was founded by three friends – CEO and Co-founder Dan McMullen, CTO and Co-founder PJ Fitzpatrick, and Head of Growth Ryan Geiger – who wanted to create a better way for businesses to reward their customers. Fetch Rewards has seen rapid growth since its inception in 2013, with customers including the Milwaukee Bucks, Starbucks, Comcast Xfinity and Nordstrom Rack. The company plans to use the funds raised to expand its customer base and continue developing its platform. “We’re really excited about this round of funding,” says McMullen. “It validates our mission: creating awesome experiences for businesses and their customers.”
Conclusion
Madison, Wisconsin-based Fetch Rewards, a provider of technology and data management solutions to the loyalty marketing industry, announced today that it has raised $210 million in Series D funding. The round was led by Hong Kong-based investment firm IDG Ventures and included participation from previous investors including TPG Growth, Index Ventures, and Bessemer Venture Partners. This brings the company’s total capital raised to date to $1.2 billion. With this latest infusion of capital, Fetch Rewards is poised for continued growth across its businesses – most notably its flagship product LoyaltyOne®, which offers marketers unprecedented insights into how customers interact with their brands.
