#ICONIQ GROWTH SERIES#

Headquartered in Madison, Wi.В with offices in Chicago, New York CityВ and San Francisco, Fetch Rewards is the fastest-growing consumer loyalty and shopper rewards app in its category. вЂњWe are thrilled to join the ICONIQ Growth and DST Global portfolios and to continue to innovate, quickly,вЂќ said Wes Schroll. When shoppers buy something, from anywhere, they now have the ability to scan the receipt and get rewarded immediately. This product innovation has given shoppers even more ways to earn points. This strategy has fueled their rapid growth in 2020 as the company has ramped up the ability to process online receipts - not just for groceries, but for all purchases. They help to inform a lot of our product strategy. WeвЂ™ve always cared about what our shoppers say. COVID-19 has forced us to adapt to the feedback that our shoppers are giving us.

Food retail revenue increased over 25%, total household grocery bills increased, and long-term grocery trends were reversed.ДЇounder Wes SchrollВ says: вЂњInnovation and speed have been key to our growth this year. When shoppers scan every receipt after they shop, the Fetch Rewards app does the work to find the savings, keeping it easy, fun and rewarding for shoppers.ДЇetch Rewards has seen rapid growth during the global pandemic as COVID-19 created a sudden and significant shift in consumer shopping habits. The company was founded on the belief that people should be rewarded for the things they already do. This latest round of funding brings the total amount raised by Fetch Rewards to $118 million.ДЇetch Rewards is a consumer app that allows shoppers to earn free rewards every time they shop.

Another new investor, DST Global, and existing investors Greycroft and e.ventures also participated.

#ICONIQ GROWTH SERIES#

7, 2020В /PRNewswire/ - Fetch Rewards, the nationвЂ™s leading consumer-loyalty and retail-rewards app, announced today that it has raised $80 millionВ in Series C funding in a round led by ICONIQ Growth.

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