Yesterday, Lolli announced raising $10 Million in her Series A funding round. Acrew Capital, a venture firm, led this round alongside other investment companies, influencers, and renowned entrepreneurs.
The other companies that participated in the round are Animal Capital, Banana Capital, Forerunner Ventures, Seven Seven Six, Gabriel Leydon, and Up North Management.
On the other hand, the influencers and entrepreneurs are Baron Davis, Logan Paul, Kenny Beecham, Chantel Jeffries, and Lauren Riihimaki.
For context, Lolli is a Bitcoin rewards application where people can get to own and earn Bitcoin as they shop online.
The management of Lolli noted that they will channel the funds they got in this series to expanding the wings of the company. This, as they announced, include bettering their mobile application, forming new partnerships, and onboarding more talents.
While remarking about how Acrew Capital successfully led the round, Matt Senter—the CTO of Lolli—remarked thus: “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.”
In response to this, the Managing Partner at Acrew Capital noted: “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.”
With this $10 Million investment round, the company has promised her users that they should be expecting more from Lolli.