Tech Company Financing Transactions
PrizePool Funding Round
Accomplice, Bling Capital and Coatue Management participated in a $4.3 million Seed venture round for PrizePool. The round was announced by the company on 8/31/2020.
Transaction Overview
Company Name
Announced On
8/31/2020
Transaction Type
Venture Equity
Amount
$4,250,000
Round
Seed
Proceeds Purpose
The company intends to use the funds to invest in product development, drive user acquisition, boost marketing initiatives, and build its team with new hires.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
3790 El Camino Real 9039
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Undisclosed
Website
Email Address
Overview
PrizePool's mission is to incentivize Americans to build a better financial foundation. PrizePool ups the game of today's boring, low-growth, savings accounts. It gives customers a new, fun place to save -- one where their money is their chance to win real cash prizes guaranteed to total $50,000 every month.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Frank Chien
Chief Technical Officer
Joseph Woo
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We report on every notable VC transaction. VC investment data records on this site are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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