PrizePool Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 13

Employees

  • Latest Deal Type
  • M&A

PrizePool General Information

Description

Developer of a rewards platform designed to incentivize Americans to build a better financial foundation. The company's platform combines the traditional way of saving money for the future with the excitement of winning cash prizes, increasing chances to win simply by adding more to the savings, deposits are protected and secured by the partner bank, enabling clients to save more money by winning cash prizes.

Contact Information

Website
www.getprizepool.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 3790 El Camino Real
  • Suite 9039
  • Palo Alto, CA 94306
  • United States
Primary Industry
Financial Software
Other Industries
Other Financial Services
Vertical(s)
FinTech, Mobile
Corporate Office
  • 3790 El Camino Real
  • Suite 9039
  • Palo Alto, CA 94306
  • United States

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PrizePool Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Merger/Acquisition 25-Aug-2024 Completed Generating Revenue
2. Early Stage VC (Series A) 21-Apr-2021 Completed Generating Revenue
1. Seed Round 27-Aug-2020 $4.25M $4.25M Completed Startup
To view PrizePool’s complete valuation and funding history, request access »

PrizePool Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A-4
Series A-3
Series A-2 491,425 $0.000010 6% $2.19 $2.19 1x $2.19 3.42%
Series A-1 3,241,701 $0.000010 6% $3.08 $3.08 1x $3.08 22.56%
To view PrizePool’s complete cap table history, request access »

PrizePool Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a rewards platform designed to incentivize Americans to build a better financial foundation. The company's
Financial Software
Palo Alto, CA
13 As of 2023

Grand Rapids, MI
 

San Francisco, CA
 
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PrizePool Competitors (3)

One of PrizePool’s 3 competitors is PoolTogether, a Venture Capital-Backed company based in Grand Rapids, MI.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
PoolTogether Venture Capital-Backed Grand Rapids, MI
Yotta (Financial Software) Venture Capital-Backed San Francisco, CA
Chime Venture Capital-Backed San Francisco, CA
You’re viewing 3 of 3 competitors. Get the full list »

PrizePool Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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PrizePool Former Investors (14)

Investor Name Investor Type Holding Investor Since Participating Rounds
8VC Venture Capital Minority
Accomplice VC Venture Capital Minority
Bling Capital Venture Capital Minority
Brighter Capital Venture Capital Minority
Coatue Management PE/Buyout Minority
You’re viewing 5 of 14 investors. Get the full list »

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PrizePool FAQs

  • When was PrizePool founded?

    PrizePool was founded in 2019.

  • Where is PrizePool headquartered?

    PrizePool is headquartered in Palo Alto, CA.

  • What is the size of PrizePool?

    PrizePool has 13 total employees.

  • What industry is PrizePool in?

    PrizePool’s primary industry is Financial Software.

  • Is PrizePool a private or public company?

    PrizePool is a Private company.

  • What is PrizePool’s current revenue?

    The current revenue for PrizePool is .

  • How much funding has PrizePool raised over time?

    PrizePool has raised $18.6M.

  • Who are PrizePool’s investors?

    8VC, Accomplice VC, Bling Capital, Brighter Capital, and Coatue Management are 5 of 14 investors who have invested in PrizePool.

  • Who are PrizePool’s competitors?

    PoolTogether, Yotta (Financial Software), and Chime are competitors of PrizePool.

  • When was PrizePool acquired?

    PrizePool was acquired on 25-Aug-2024.

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