500friends, a Y Combinator-incubated startup that helps retailers manage their customer loyalty programs, is announcing that it has raised $5 million in Series B funding.
The round was led by existing investor Intel Capital and new investor Fung Capital. Previous backer Crosslink Capital also participated. (Intel’s Carey Lai and Fung’s Michael Hsieh are both joining the 500friends board.) The… → Read More
500Friends, the social loyalty solution for e-commerce retailers, is announcing it has completed a $4.5 million Series A round led by Crosslink Capital, with participation from Intel Capital as well as company CEO (and angel investor) Justin Yoshimura.
Founded in 2010, and launched in summer 2011, YC-backed 500Friends’ LoyaltyPlus service allows merchants to reward their loyal customers who are… → Read More
Consumers are engaging retailers on Facebook and Twitter now more than ever. Whether it is Liking a deal, Tweeting the link to a product, or even participating in a contest, shoppers are mentioning and interacting with these e-commerce sites on a daily basis. The problem with traditional online loyalty programs mirror offline programs, they only focus on rewarding users for simply their purchases. → Read More
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