Total amount raised
Latest funding date
Location
CoinOut allows users to submit receipts from virtually any retailer and earn rewards. The platform has gained attention for its innovative approach to incentivizing everyday purchases.
Keep reading to explore the intricacies of CoinOut's fundraising journey and the investors backing this innovative platform.
What Is Coin Out?
CoinOut is a company that rewards users for submitting receipts from virtually any retailer for any product purchase. The platform gained significant attention after being featured on Shark Tank.
Operating in the rewards or cashback industry, CoinOut emphasizes user privacy and terms of use. The company clearly states its intellectual property rights for its products and services.
How Much Funding Has Coin Out Raised?
- Seed Round
- Amount Raised: $250,000
- Date: February 2017
- Lead Investors: Foundry Group
- Series A
- Amount Raised: $1.5 million
- Date: June 2018
- Lead Investors: Greycroft
- Series B
- Amount Raised: $5 million
- Date: September 2019
- Lead Investors: TTV Capital
CoinOut has raised a total of $6.75 million in funding.
Key Investors
- Foundry Group
- Details: Foundry Group is a venture capital firm based in Boulder, Colorado. They focus on investing in early-stage technology companies.
- Investment Focus Areas: Software, Internet, and Information Technology.
- Notable Investments: Fitbit, SendGrid, Zynga.
- Greycroft
- Details: Greycroft is a venture capital firm that invests in both consumer and enterprise software companies. They have offices in New York and Los Angeles.
- Investment Focus Areas: Digital Media, Fintech, and Healthcare.
- Notable Investments: Venmo, Huffington Post, Bird.
- TTV Capital
- Details: TTV Capital is a venture capital firm that specializes in early-stage fintech companies. They are based in Atlanta, Georgia.
- Investment Focus Areas: Fintech, Payments, and Banking.
- Notable Investments: Greenlight, Cardlytics, SmartAsset.
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