Raise, a Miami, FL-based blockchain-powered payments and loyalty company, raised $63M in funding.
The round, which brought the total amount to $220M, was led by Haun Ventures, with participation from Amber Group, Anagram, Blackpine, Borderless Capital, GSR, Karatage, Paper Ventures, Pharsalus Capital, Selini Capital, Sonic Boom Ventures, the Web3 Foundation, and angels Tekin Salimi, Raj Gokal, Teddy Gorisse among others.
The company intends to use the funds to further develop its proprietary blockchain-backed gift card program, Smart Cards, and expand the Retail Alliance Foundation, its non-profit coalition dedicated to uniting global retailers and brands to create a more secure, interoperable, and fraud-resistant gift card network.
Led by CEO and Founder George Bousis, Raise specializes in the gift card industry. The company has facilitated over $5 Billion in transactions through its Raise consumer app, exchange (GCX), and B2B (Raise for Business) operations. With over 1,000+ brand partnerships, it offers activation and real-time redemption capabilities across a network of over one million stores, websites, and applications.
In conjunction with the funding round, Raise has also announced the appointment of a new Board of Directors featuring former CLO at Kraken and former President of Blockchain.com, Marco Santori, former co-founder and CEO of Honey, George Ruan, former founder and CEO of GrubHub, Matt Maloney, and Bjorn Wagner, CEO of Parity Technologies.
FinSMEs
26/02/2025