Lolli Closes $10M In Series A Funding Round

The leading bitcoin rewards company, Lolli, today announced the close of a $10 million Series A financing round led by early Chime backer, Acrew Capital.  Acrew is joined by Banana Capital, Up North Management, and Animal Capital, the Gen. Z-focused venture capital fund founded by social media stars Josh Richards, Griffin Johnson, and Noah Beck. The funding round includes investments from influencers and entrepreneurs such as Logan Paul, Chantel Jeffries, Lauren Riihimaki of LaurDIY, Kenny Beecham, and Baron Davis.

“We’re thrilled by the support of so many incredible investors and fellow entrepreneurs who believe in our mission of making bitcoin more accessible for all. We believe it’s imperative to align with top creators to both educate, distribute, and amplify the power of bitcoin to the masses. Acrew’s sizable bet on Lolli says two things: bitcoin business is booming, and as the original bitcoin rewards platform, Lolli has the best team to increase adoption in the long run.”—Alex Adelman, CEO and Co-founder of Lolli

Additionally, the raise includes a recommitment from many of Lolli’s early investors, including Alexis Ohanian’s Seven Seven Six, 3K VC, Gabriel Leydon, and Forerunner Ventures. The financing will contribute to the expansion of the company, hiring, new partnerships, and further development of the recently launched mobile app.

“Lolli is democratizing access to bitcoin in a way that is truly revolutionary. We’re excited to support the company in its mission to make bitcoin as widely accessible as possible – with rewards as its initial seamless path to consumer adoption. This low barrier and low risk point of entry makes bitcoin adoption much more accessible to a broader demographic of people.”—,Lauren Kolodny, Co-founder and Managing Partner at Acrew Capital

ABOUT Lolli
Lolli is the first bitcoin rewards application that allows people to earn and own bitcoin when they shop online. Lolli has partnered with 1,000+ top brands and merchants including Priceline, Sephora, and Macy’s. Lolli was created with the goal of making it easy to earn, own, and share bitcoin with as many people as possible. The company believes in bitcoin as a global alternative currency and universal store of value and wants to share it with the world.

RESOURCES
Lolli Blog