Overview

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Status
FreeMonee has been closed
Total Equity Funding
$45M in 3 Rounds from 6 Investors
Headquarters:
San Mateo, CA
Description:
FreeMonee enables merchants to offer cash gifts to customers in motivating them to visit their stores.
Founders:
,
Categories:
Gift, Restaurants, Advertising
Website:
http://www.freemonee.com
Social:

Company Details

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Founded:
June 1, 2009
Closed:
2014
Contact:
6503519153
Employees:
11 - 50 | 7 in Crunchbase

FreeMonee is changing the economics of advertising by enabling stores and restaurants to attract customers on demand using FreeMonee Gifts. With its unique new consumer incentive, FreeMonee delivers gifts of money directly to cardholders of the largest financial institutions. Customized to precisely match consumer interest, gifts allow consumers to purchase anything they want at designated stores or restaurants—no strings attached. The gifts are made possible by FreeMonee’s proprietary Gift Underwriting Engine, which accurately determines the right gift to ensure the highest level of consumer interest and the best return on ad spend for a merchant. Unlike traditional coupons or offers, FreeMonee Gifts feel like a gift card from a friend—money to spend at places consumers like. For retail marketers, FreeMonee Gifts enable brands to attract large volumes of profitable, incremental customer visits—without discounting. For banks and credit card companies, FreeMonee provides the opportunity to positively engage customers and strengthen loyalty.

Founded in 2009 and located in San Mateo, California, FreeMonee is led by former executives of Google, Visa, Oracle, Cisco, Procter & Gamble and Coca- Cola. To date, FreeMonee has raised $45 million in funding with investments from Charles E. Ryan, Opus Capital Ventures, Redpoint Ventures and Sutter Hill Ventures, among others. Through continued partnerships with the top U.S. financial institutions, the company expects 50 million households to have access to FreeMonee Gifts in 2012. For more information, please visit www.freemonee.com.

Funding Rounds (3) - $45M

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DateAmount / RoundValuationLead InvestorInvestors
Jan, 2013$11M / Series A5
Aug, 2012$34M / Series B5
Jan, 2010undisclosed amount / Series A1

Offices/Locations (1)

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  • Headquarters

    411 Borel Ave

    San Mateo, CA 94404

    USA

Past Team (10)

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Images (1)

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