Lolli, a bitcoin (BTC) buying rewards app, introduced right this moment the shut of a $10 million Sequence A financing spherical led by early Chime backer, Acrew Capital.
The spherical additionally included Banana Capital, Up North Administration, and Animal Capital, the Gen. Z-focused enterprise capital fund based by social media stars Josh Richards, Griffin Johnson, and Noah Beck.
Plus, this Sequence A funding spherical noticed investments from influencers and entrepreneurs corresponding to Logan Paul, Chantel Jeffries, Lauren Riihimaki of LaurDIY, Kenny Beecham, and Baron Davis.
Moreover, the increase features a recommitment from a lot of Lolli’s early traders, together with Alexis Ohanian’s Seven Seven Six, 3K VC, Gabriel Leydon, and Forerunner Ventures.
This new funding will assist in expanded hiring, new partnerships, and additional growth of Lolli’s newly launched cellular app.
Based in 2018 by Matt Senter and Alex Adelman, Lolli provides customers BTC rewards on on a regular basis purchases.
Consumers can use Lolli’s cellular app or browser extension to earn bitcoin rewards at greater than 1,000 prime retailers and Fortune 500 firms together with Kroger, Microsoft, and Reserving.com.
So far, Lolli customers have earned greater than $3.5 million in bitcoin rewards.