Prizepool
ClosedPalo Alto, United States · Founded 2019 · $14.3M raised
- Headquarters
- Palo Alto, California
- Employees
- 1–10
- Founded
- 2019
- Business Model
- B2C
- Website
- getprizepool.com
- Total Funding
- $14.3M
- Last Round
- $10.0M Series AJun 2021
- Rounds
- 2
About
PrizePool was a prize-linked savings neobank founded in 2019 by former Apple managers Franklyn Chien and Joe Woo. The company provided FDIC-insured savings accounts where consumers were automatically entered into weekly cash prize drawings, with a $25,000 grand prize each month. In 2021, PrizePool raised a $10 million Series A led by M13, with participation from Accomplice, Bling Capital, and Coatue. In 2022, the company expanded by launching a debit card. PrizePool operated in partnership with Evolve Bank & Trust and was headquartered in Palo Alto, California. In August 2024, PrizePool shut down its consumer app ahead of an acquisition.
Summary
Prizepool is a Fintech company based in Palo Alto, United States, founded in 2019. It has raised $14.3M in total across 2 rounds, most recently a $10.0M Series A round in Jun 2021. Investors include M13, Bling Capital and Accomplice.
Funding History
Jun 2021
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Seed through Series A — per-round amounts, valuations, and who invested in each round.
Investors
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