Bounty, a Los Angeles, CA-based provider of a Shopify app that helps creators earn unlimited cash back for engagement on TikTok, closed on a $5m seed funding round.
The round, which brought the total amount raised to $6.777m, was led by M13 with participation from existing investors Sugar Capital and Interlace Ventures as well as founders and executives from Rothy’s, Fabletics, Stack Commerce and more.
The company intends to use the funds to expand operations, hiring for its engineering, design, and marketing departments, and increase the velocity of product development.
Led by Abe Wolke, founder and CEO, Bounty is a Shopify app that turns creators into video marketing machines. The technology provides a platform for creators to earn unlimited cash back for engagement while brands can then license the videos for paid media.