Ibotta, a Denver, CO-based mobile rewards platform, raised a Series D financing round at a $1 billion valuation.
The round was led by Koch Disruptive Technologies.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Bryan Leach, Founder and CEO, Ibotta provides a free mobile shopping app which has delivered more than $600m in cumulative cash rewards to its users for making purchases in-store, on mobile apps or via websites. Launched in 2012, the app has more than 35 million downloads, offering cash back on purchases at more than 1,500 leading brands and retailer partners.
In 2019, Ibotta launched its payments solution, Pay with Ibotta™, enabling shoppers to pay for their entire purchase through the app and instantly earn cash back.