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Venture Capital News: Fetch Rewards Scoops Up $240M

2022-04-07
MADISON, WI, Fetch Rewards, America's No. 1 consumer-rewards app, has raised $240 million in equity and debt in its latest funding round at a valuation greater than $2.5 billion.
The investment will fuel the company's aggressive growth as it continues its trajectory to build a digital loyalty and marketing platform unrivaled in its ability to drive consumer behavior and definitively measure impact.

The round was led by leading private markets investment management firm Hamilton Lane (NASDAQ: HLNE) on behalf of clients, with additional investment from Archer Venture Capital, NielsenIQ, TelevisaUnivision, a Yieldstreet fund, and others, along with continued investments from SoftBank Vision Fund 2, ICONIQ Growth, DST Global, Greycroft, Gaingels and Headline. This investment brings Fetch Rewards' total funding to over $500 million.

Fetch Rewards is on a mission to help people have fun and save money. By partnering directly with the biggest brands in the world, Fetch gives consumers access to quick and easy rewards every time they snap a photo of their receipt or submit an eReceipt. A top-ranked app in the App Store and Google Play Store, Fetch Rewards has nearly two million five-star reviews from happy shoppers.
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