Lolli Raises $8 Million In Series B Funding Led By BITKRAFT Ventures

Lolli, the bitcoin and cashback rewards application, has successfully raised an $8 million Series B round led by BITKRAFT Ventures. This latest funding brings the total funding for Lolli to over $28 million. The company, co-founded and led by CEO Alex Adelman, plans to use the funding to expand its rewards program to enterprise partners, including exchanges, neobanks, banks, payment companies, and browsers. Currently, Lolli partners with over 25,000 stores and offers users up to 30% back on purchases, with an average of 7% in bitcoin or cashback rewards. By 2025, the company aims to increase its user base and partner with over 100,000 stores.

Summary of transaction details

• Company: Lolli
• Investors: WAGMI Ventures, The Spartan Group, Sfermion, Seven Seven Six, Serena Ventures, Rahul Pagidipati, Prisma Ventures, Pir Granoff, Pathfinder, Night Ventures, Newman Capital, MZ Web3 Fund, Michelle Phan, Logan Paul, Hypersphere Ventures, Digital Currency Group, Company Ventures, BITKRAFT Ventures, Bain Capital Ventures, Animal Capital & 2 Punks Capital
• Round: Series B
• Amount: $8,000,000

BITKRAFT Ventures led the $8 million Series B funding for Lolli, a bitcoin and cashback rewards application. With this funding, Lolli plans to expand its rewards program to enterprise partners, such as exchanges, neobanks, banks, payment companies, and browsers. The company, which currently partners with over 25,000 stores, offers users up to 30% back on purchases, with an average of 7% in bitcoin or cashback rewards. Lolli's goal is to increase its user base and partner with over 100,000 stores by 2025.