Fetch Rewards, a Madison, Wisconsin-based consumer-loyalty and retail-rewards app, raised $80m in Series C funding.
The round – which brings the total amount raised to date to $118m – was led by ICONIQ Growth with participation from new investor DST Global, and existing investors Greycroft and e.ventures.
Led by Founder Wes Schroll, Fetch Rewards is a consumer app that allows shoppers to earn free rewards every time they shop. When shoppers scan every receipt after they shop, the app finds savings and rewarde for shopping.
With more than 16 million downloads since launching in 2017 and more than 5.5 million active users, Fetch Rewards has processed more than 700 million receipts to date and has delivered nearly $100 million in savings to its shoppers.
The company also has offices in Chicago, New York City and San Francisco,