Raise Marketplace
Latest round
- Series D
Last raised
- Feb 2025
Total raised
- $194M
Investors
- 18
About Raise Marketplace
Based in the US, Raise Marketplace Inc.Raise Marketplace Inc. is a gift card marketplace that allows consumers to buy and sell discounted gift cards. Founded in 2013, the company is headquartered in Chicago, US. Raise has undergone several strategic shifts to enhance its marketplace dynamics and customer engagement. The founders include Chirag R, Chris Moodley, George Bousis, Jill Walzer, Joel T, Josh Telford, Katharine Mainprize, Olivia Phelps, and Rebecca Barrie.Raise specializes in redefining loyalty and rewards systems through its innovative gift card marketplace and cash-back program. The core offerings include the Raise App, which enables consumers to earn Raise Cash at over 1,000 brands, providing an efficient way to receive up to 20% back on purchases instantly. This app caters to a diverse customer base of over 6 million users, facilitating a seamless shopping experience across various sectors, including retail and dining. Additionally, Raise's business solutions automate loyalty and payment systems, enhancing operational efficiencies for companies looking to engage customers more effectively. The gift card exchange platform allows users to buy and sell discounted gift cards, thereby creating a dynamic marketplace that strengthens brand-consumer relationships.Raise's revenue model is based on transaction fees from the sale of gift cards and the cash-back program offered through the Raise App. Retail partners benefit from increased customer engagement as users purchase gift cards at discounted rates, and in turn, Raise earns a percentage from each transaction. The structure of these transactions primarily involves partnerships with retailers, enabling a B2B framework that drives customer loyalty while generating revenue for Raise. Revenue is further supplemented through automated loyalty solutions that businesses subscribe to, allowing for a more integrated customer relationship management approach.In February 2025, Raise Marketplace Inc. Upcoming product developments are focused on integrating advanced technologies to enhance the user experience. Furthermore, Raise is targeting expansion into new markets, specifically beyond the United States and Canada, with a strategic timeline yet to be announced.
Who invested in Raise Marketplace
18 investors across 4 rounds
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Questions about Raise Marketplace
Who invested in Raise Marketplace?
Raise Marketplace has 18 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Raise Marketplace raised?
Raise Marketplace has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Raise Marketplace last raise money?
Raise Marketplace's most recent round on record is a Series D, in Feb 2025.
What does Raise Marketplace do?
Based in the US, Raise Marketplace Inc.
Where is Raise Marketplace headquartered?
Raise Marketplace is headquartered in Chicago, US.
Which VCs invest in companies like Raise Marketplace?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Raise Marketplace's stage. Their profiles are linked below.
VCs backing software startups at Series D
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