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§ Private Profile · San Mateo, CA, USA
Digital gift network delivering cash incentives for merchants and financial institutions, focused on digital gift card delivery.
FreeMonee is a digital gift network that enables retail merchants and financial institutions to deliver cash incentives directly to consumers' existing credit and debit cards. The platform utilizes proprietary matching technology to analyze transaction data, allowing retailers to target promotional gifts based on historical purchasing patterns without requiring traditional physical gift cards. The company reaches a potential market of 280 million cardholders and secured early operational agreements with two of the top six card issuers in the United States. To support its launch, FreeMonee raised $11 million in Series A funding from a syndicate of venture capital firms including Opus Capital Ventures, Redpoint Ventures, Sutter Hill Ventures, and Pinnacle Ventures. The financial technology enterprise was founded in 2011 by former Oracle, eBay, and Visa executives Gadi Maier, Mike Linton, Jim Taschetta, and Joe Salesky.
FreeMonee has raised $45.0M across 2 funding rounds.
FreeMonee has raised $45.0M in total across 2 funding rounds.
FreeMonee has raised $45.0M in total across 2 funding rounds.
FreeMonee's investors include Charles E. Ryan, Peter Uberroth, Opus Capital, Pinnacle Ventures, Redpoint Ventures, Sutter Hill Ventures.
FreeMonee has raised $45.0M across 2 funding rounds. Most recently, it raised $34.0M Series B in August 2012.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 7, 2012 | $34M Series B | Charles E. Ryan | — | Announced |
| May 11, 2011 | $11M Series A | — | Peter Uberroth, Opus Capital, Pinnacle Ventures, Redpoint Ventures, Sutter Hill Ventures | Announced |