Raise Receives $18.1M Funding

Raise, a Chicago, IL-based gift card marketplac, unveiled a December 2013 round of funding totalling $18.1m.

Backers include Bessemer Venture Partners. In conjunction with the funding, Jeremy Levine, a partner at BVP, joined Raise’s board of directors.

Led by founder and CEO George Bousis, Raise.com is a gift card marketplace, where members can save on gift cards to any brand and sell gift cards or store credit for cash. With the Raise iOS app, members instantly redeem cards or credit right at the store counter.

Launched in 2013, the company was bootstrapped by Bousis prior to BVP’s investment and other seed and angel rounds raising a total of $25m to date.



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