Portland based startup that aims to reward consumers with stock in brands they frequently shop with raised $10.4m in Series A funding from investors including Canaan Partners, Commerce Ventures, Oregon Venture Fund, and Valor Siren Ventures.
“We are bringing stock-as-a-reward into the market, where we already have points, cashback and other rewards,” David Nelsen, founder and CEO told Crunchbase News. “The general thesis is using stock ownership as a new mechanism for loyalty.”