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Free receipts for fetch rewards 20213/9/2024 ![]() Investors are bullish on Fetch Rewards in part because the pandemic has resulted in consumers spending more money on groceries and household products, increasing demand for the app's services. Iconiq Growth led that financing, and GST Global, Greycroft, and e.ventures participated in the deal. This latest funding comes just three months after the company's hefty $80 million Series C round, which valued the startup at more than $600 million. Spokespeople at Fetch Rewards and Softbank both declined to comment on the specifics of the deal. Multiple investors have already been pitched on the deal, the people said. While the deal is still in flux, Softbank has already offered a term sheet for Fetch Rewards, one of the people familiar with the matter said. That makes the Madison-based startup one of only a few "unicorns" - startups valued at over $1 billion - to have a headquarters outside of Silicon Valley or New York. Now, amidst breakneck growth during the pandemic, Fetch Rewards is in talks to raise a new Series D round of funding that could more than double the firm's valuation to about $1.5 billion, two people familiar with the matter said. ![]() ![]() This story is available exclusively to InsiderĪnd start reading now. Account icon An icon in the shape of a person's head and shoulders. ![]()
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