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Prizeout Announces Finalization Of Series B Funding

Prizeout Announces Finalization Of Series B Funding

03/31/22, 7:00 AM
Round Type
series b
First-in-class ad-tech company Prizeout Corp. (Prizeout) announced it has concluded a $25 million Series B fundraising round. The funding was finalized in December 2021, a year after the Series A funding of USD $5 million was completed.

Company Info

Company
Prizeout
Additional Info
The funding caps a period of explosive growth for Prizeout. The company has continued to expand globally into multiple industry verticals, including banking, gaming, government, crypto, gig, and more. Prizeout has grown from being live in one vertical in mid-2020 to 11 in Q1 2022. Astralis Capital is excited to back the leadership and team, with a strong belief that the company is well-positioned to broaden its appeal and applicability to other industries and ultimately establish Prizeout as a household name.” Prizeout uses its ad technology to drive brand adoption and influence consumer behavior by showing the right users the right brands and the right offers. Tisno Ongarra and Evan Meyer of Astralis Capital shared, “Prizeout is a visionary idea that is aimed at minimizing friction in withdrawal transactions, presenting an elegant gift card alternative that benefits operators, merchants, and customers equally. Founded in 2019, Prizeout is a first-in-class ad-tech company that works within the gaming, neobank, crypto, gig economy, payroll & finance industries to turn withdrawals into a growth solution for e-commerce & retail businesses.