{"id":6830,"date":"2021-07-28T20:45:07","date_gmt":"2021-07-28T19:45:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=6830"},"modified":"2021-07-28T20:45:20","modified_gmt":"2021-07-28T19:45:20","slug":"lolli-closes-a-10m-investment-funding-round","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/lolli-closes-a-10m-investment-funding-round\/","title":{"rendered":"Lolli closes a $10M investment funding round"},"content":{"rendered":"\n
Bitcoin rewards app Lolli has just concluded a $10million funding round<\/a>, the fund realized would help to expand the company and get its services to a larger audience.<\/h5>\n\n\n\n
\"Lolli<\/figure>\n\n\n\n

The Bitcoin (BTC) rewards app is very popular\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. Lolli has acquired further funding from venture capital firms and other investors in order to expand its services to a larger audience.<\/p>\n\n\n\n

The firm announced on Wednesday that it has concluded a $10 million Series A funding round led by Acrew Capital, with UpNorth Management, Animal Capital, Banana Capital, and Formula also participating. Logan Paul and Chantel Jeffries were among the celebrities who attended.<\/p>\n\n\n\n

Several of Lolli's prior backers recommitted to the company in the new round, including Seven Seven Six, 3K VC, Gabriel Leydon, and Forerunner Ventures.<\/p>\n\n\n\n

The funds will be used to expand the company across the board, including employing new personnel, exploring collaborations, and further developing the recently launched mobile app, according to Lolli.<\/p>\n\n\n\n

Lolli's co-founder and CEO, Alex Adelman, stated that his company's objective is to make Bitcoin “more accessible for al<\/a>l.” He continued, “<\/p>\n\n\n\n

\u201cWe believe it\u2019s imperative to align with top creators to both educate, distribute and amplify the power of Bitcoin to the masses.\u201d<\/p><\/blockquote>\n\n\n\n

Lolli's services, according to Lauren Kolodny, co-founder and managing partner of Acrew Capital, provide a low barrier to entry for early Bitcoin users.<\/p>\n\n\n\n

Lolli has recently received a number of high-profile sponsorships. The company received $5 million in funding in March of this year, which will be utilized to further develop its mobile app.<\/p>\n\n\n\n

In May 2020, actor and entrepreneur Ashton Kutcher <\/a>was one of several investors in Lolli's $3 million seed round, which was oversubscribed.<\/p>\n\n\n\n

On the business front, Lolli inked a huge deal with eBay's auction site in November of last year. When users installed the Chrome extension, they were able to earn 1% back in Bitcoin when shopping on eBay.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin rewards app Lolli has just concluded a $10million funding round, the fund realized would help to expand the company and get its services to a larger audience. The Bitcoin (BTC) rewards app is very popular . Lolli has acquired further funding from venture capital firms and other investors in order to expand its services […]<\/p>\n","protected":false},"author":12,"featured_media":6831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,9],"tags":[1648,1829],"class_list":["post-6830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-tech","tag-fundraising","tag-lolli"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/Lolli-closes-a-10M-investment-funding-round.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=6830"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/6831"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=6830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=6830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=6830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}