Ibotta closes USD40m in Series C funding

Ibotta, Inc. said it has received USD40 million in Series C funding led by Jim Clark to help aggressively scale its mobile loyalty platform.

Ibotta is already one of the most frequently used mobile apps in the United States. Known for its unique brand engagement model, Ibotta´s new funding will allow the company to solidify its industry leading position as the bridge between mobile phone use and in-store shopping.

Ibotta´s latest round of funding will allow for it to continue growing its consumer base and triple its current team and footprint in Denver, as it looks to establish itself as a household name across the country. Ibotta will continue to build its relationships in the grocery and consumer packaged goods (CPG) industry and to expand retail partnerships.

Ibotta, a Denver-based mobile technology company, partners with leading brands and retailers to offer cash back on groceries, electronics, clothing, gifts, home & office supplies, and much more.