SoftBank, TelevisaUnivision and NielsenIQ helped provide the customer loyalty app developer with fresh capital in a round more than doubling its valuation to $2.5bn.

US-based consumer loyalty platform provider Fetch Rewards secured $240m from investors including internet and telecommunications group SoftBank’s Vision Fund 2, mass media company TelevisaUnivision and media data provider NielsenIQ yesterday.

Alternative investment manager Hamilton Lane led the equity and debt round, which also featured Archer Venture Capital, Iconiq Growth, DST Global, Gaingels, Greycroft, Yieldstreet and Headline. It valued Fetch at $2.5bn.

Founded in 2013, Fetch operates a mobile platform that lets shoppers access rewards and discounts after their purchases by…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.