BTC rewards app Lolli raises $5M from Reddit founder, Serena Williams, and more
The freshly raised capital will go toward expanding Lolli’s BTC online shopping rewards internationally. Bitcoin rewards app, Lolli, has announced the close of its pre-series A fundraising round after raising $5 million.The round saw investment from a diverse array of participants, including Seven Seven Six — the venture capital firm co-founded by Reddit executive chairman Alexis Ohanian — Serena Williams’ Serena Ventures, management company Night Media, and various social media influencers. The funds will be allocated towards developing Lolli’s mobile application, scaling to support a....
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Lolli, a BTC-back Bitcoin rewards program, has just completed a a $5M pre-Series A funding round, backed by a variety of popular internet celebrities and influencers. Here’s more on what names are behind the $5 million in investment, and how Lolli has grown since its inception. Internet Celebrities, Alex Ohanian and Serena Williams, Invest $5M […]
The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships. Lolli Raises $10 Million The New York-based Lolli has raised $10 million from investors, according to the company’s announcement on July 28. The company said that the Series A was led by Acrew Capital, Banana Capital, Up North Management, and Animal Capital. The venture capital company Animal was founded by social media moguls Noah Beck, Josh Richards, and Griffin Johnson.....
“Food delivery is a ritual for many and Bitcoin rewards makes Bitcoin a part of that ritual," said Lolli co-founder and CEO Alex Adelman. Food delivery platform Grubhub has partnered with Bitcoin rewards app Lolli to give hungry people the opportunity to earn crypto back on their orders.In a Wednesday announcement, Lolli said Grubhub customers would be able to earn $1 in Bitcoin (BTC) rewards each time they used the platform’s extension or app. The funds will be available for transfer or storing in a user’s Lolli wallet after earning more than $15, or roughly 0.00026 BTC at the current....
An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web 3.0 applications.
Facilitating Crypto Adoption
Nestcoin, a Nigerian startup that plans to operate and invest in Web3 applications, recently announced it had raised $6.45 million in pre-seed. Leading the funding round were venture capital firms, Distributed Global and Alter Global.
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On stage at Bitcoin 2022, Serena Williams, Odell Beckham, Jr. and Aaron Rodgers explained why they invest and choose to be paid in bitcoin.