Bitcoin Rewards Firm Lolli Raises $10M in Funding Led by Acrew Capital, Socia...
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.....
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“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....
Acrew Capital, Lolli’s primary backer during the raise, said the app is well positioned to boost Bitcoin adoption in the long run. Popular Bitcoin (BTC) rewards app Lolli has received fresh backing from venture funds and other investors as it plans to scale its services to a wider audience. On Wednesday, the company announced it had closed a $10 million Series A funding round led by Acrew Capital, with additional participation from UpNorth Management, Animal Capital, Banana Capital and Formula. Influencers such as Logan Paul and Chantel Jeffries also participated. Several of Lolli’s....
Bitcoin rewards company Lolli closed a $10 million Series A round led by eye-catching social media influencers and celebrities.
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 […]
Bitcoin rewards platform Lolli has launched a mobile app available on iOS devices.