Bitcoin (BTC) rewards company Lolli has secured $3M in an oversubscribed seed-II funding round led by Pathfinder, and including Ashton Kutcher’s VC firm, Sound Ventures.
Other investors in the round included beauty entrepreneur Michelle Phan, Craft Ventures, Company Ventures, Adam Leber, Abe Burns, Chapter One Ventures, FJ Labs, Version One, Bain Capital Ventures, Digital Currency Group, Pir Granoff, and Brian Sugar.
The company says it intends to use the new capital to help launch its mobile application and expand internationally. Lolli expects to launch its full mobile app sometime in Summer 2020.
Commenting on the round Lolli CEO, Alex Adelman, said:
“We’re excited to continue accelerating the mission of Lolli, making bitcoin more accessible to all. The team and I are creating the easiest way for people to earn and own bitcoin. We have an incredible syndicate of strategic investors that will help drive the adoption of Lolli and bitcoin forward.”
Founded in 2018, US-based Lolli lets users earn Bitcoin (BTC) rewards for online purchases from more than 750 participating merchants including Expedia, Hotels.com, Groupon, priceline, hotwire, Everland, Bonobos, Safeway Casper, Harry’s GAP, Bloomingdales, Sephora, Best Buy, and Sephora.
AYO.NEWS says:
Lolli is doing a fair bit to drive mainstream Bitcoin (BTC) adoption, and with its interesting and relevant take on consumer reward schemes, and with many predicting Bitcoin to boom as the COVID-19 economic crisis hits, the company could be set for very big things! In November last year, we reported Lolli had partnered with the world’s largest retailer, Alibaba.
Staying with Ashton Kutcher’s investments, earlier today we released an exclusive interview with Rahul Sood, founder and CEO of esports betting operator Unikrn – another one of Kutcher’s investments.
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