RATE Group | Big Investors Put $2.25 Million Behind Bitcoin Reward Startup Lolli
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Big Investors Put $2.25 Million Behind Bitcoin Reward Startup Lolli

15 Nov Big Investors Put $2.25 Million Behind Bitcoin Reward Startup Lolli

Posted at 13:38h in Bitcoin News by

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(Photo by Iren Moroz/Getty Images) Getty

In a recent seed funding round Bitcoin rewards startup, Lolli, amassed $2.25 Million from an impressive array of investors including Bain Capital Ventures and Version One. A number of others, including Forerunner Ventures, 3K VC, SV Angel, FJ Labs, Alex Chung, Gokul Rajaram, and Brian Sugar, also contributed to boosting the unique cryptocurrency business.

Lolli allows users to accumulate Bitcoin rewards when they shop at partners of the company. The firm already has over 500 partners like Hilton, Marriot, Walmart and Forever 21. The idea is to give the users up to 30 of the money that they spent back in Bitcoin.

One of the reasoning for the creation of Lolli, according to Alex Adelman, its creator and CEO, is that Lolli will aid in building a strong use case for Bitcoin and assist in adoption and normalising of digital currencies.

Attracting the big names

As a company, Lolli has had some success already with…

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