What is Prizeout?
Founded in 2019 and headquartered in New York City, Prizeout operates as a first-in-class ad-tech platform. It strategically partners with businesses across various industries, including gaming, neobanks, cryptocurrency, and the gig economy, to transform customer withdrawal processes into a powerful growth engine. By leveraging exclusive partnerships, Prizeout provides consumers with unique access to bonus offers from a curated selection of popular and emerging brands, ensuring a fast, secure, and engaging experience. This innovative approach positions Prizeout as a key player in enhancing customer loyalty and driving e-commerce sales.
How much funding has Prizeout raised?
Prizeout has raised a total of $30.5M across 3 funding rounds:
Angel/Seed
$1M
Series A
$4.5M
Series B
$25M
Angel/Seed (2020): $1M, investors not publicly disclosed
Series A (2020): $4.5M, investors not publicly disclosed
Series B (2022): $25M supported by Continental Investment Partners, RiverPark Ventures, PRECEPT CAPITAL MANAGEMENT, Anchor Capital, Mark Cuban Companies, and Astralis Capital
Key Investors in Prizeout
Continental Investment Partners
Continental Investment Partners is an investment sponsor active for over 10 years in Europe, focusing on investments in companies and real estate operations. The company aims to provide strategic investment opportunities to its clients.
RiverPark Ventures
RiverPark Ventures is an investment firm that provides capital and strategic guidance to early-stage companies. Their focus is on identifying disruptive technologies and business models with high growth potential.
PRECEPT CAPITAL MANAGEMENT
Precept Capital Management is a registered investment advisor located in Dallas, Texas, established in 1998. The firm specializes in long-short fundamental strategies and private funds, aiming to meet the diverse needs of their clientele.
What's next for Prizeout?
The substantial enterprise-level backing Prizeout has received, particularly the recent strategic investment, indicates a strong market validation and provides the company with the necessary capital to scale its operations. This financing is expected to fuel further product development, expand its exclusive partnership network, and enhance its market penetration within the competitive ad-tech landscape. Prizeout's focus on innovative withdrawal solutions positions it for continued growth and influence in the digital commerce and fintech sectors.
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