{"id":133651,"date":"2021-07-28T16:25:16","date_gmt":"2021-07-28T16:25:16","guid":{"rendered":"https:\/\/precoinnews.com\/?p=133651"},"modified":"2021-07-28T16:25:16","modified_gmt":"2021-07-28T16:25:16","slug":"bitcoin-rewards-app-lolli-closes-10m-investment-round","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/bitcoin-rewards-app-lolli-closes-10m-investment-round\/","title":{"rendered":"Bitcoin rewards app Lolli closes $10M investment round"},"content":{"rendered":"<p>Popular Bitcoin (BTC) rewards app Lolli has received fresh backing from venture funds and other investors as it plans to scale its services to a wider audience.\u00a0<\/p>\n<p>On Wednesday, the company announced it had closed a $10 million Series A funding round led by Acrew Capital, with additional participation from UpNorth Management, Animal Capital, Banana Capital and Formula. Influencers such as Logan Paul and Chantel Jeffries also participated. <\/p>\n<p>Several of Lolli\u2019s previous backers, including Seven Seven Six, 3K VC, Gabriel Leydon and Foreruner Ventures, also recommitted to the company in the latest fundraiser. <\/p>\n<p>Lolli said the financing will go towards enterprise-wide expansion, including hiring new talent, pursuing partnerships and further developing the recently launched mobile app. <\/p>\n<p>Alex Adelman, Lolli\u2019s co-founder and CEO, said his company\u2019s mission is to make Bitcoin \u201cmore accessible for all.\u201d He added:<\/p>\n<blockquote><p>\u201cWe believe it\u2019s imperative to align with top creators to both educate, distribute, and amplify the power of bitcoin to the masses.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>CoinFund debuts $83M crypto startup fund<\/em><\/strong><\/p>\n<p>Lauren Kolodny, Acrew Capital\u2019s co-founder and managing partner, described Lolli\u2019s services as providing a low barrier to entry for early Bitcoin users.<\/p>\n<p>Lolli has attracted several high-profile endorsements in the recent past. In March of this year, the company secured $5 million in investments to be used for further developing its mobile app. In May 2020, actor and entrepreneur Ashton Kutcher was one of several investors to participate in Lolli\u2019s oversubscribed $3 million seed round. <\/p>\n<p>On the business front, Lolli secured a major partnership with auction marketplace eBay in November of last year. Users who downloaded the Chrome extension were able to earn 1% back in Bitcoin when they shop on eBay. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Online marketplace eBay to allow NFT sales<\/em><\/strong><\/p>\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-rewards-app-lolli-closes-10m-investment-round\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Popular Bitcoin (BTC) rewards app Lolli has<\/p>\n","protected":false},"author":3,"featured_media":133650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin rewards app Lolli closes $10M investment round - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/bitcoin-rewards-app-lolli-closes-10m-investment-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin rewards app Lolli closes $10M investment round - 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