How much funding has Prizepool raised?

Prizepool has raised $14.3M in total funding, most recently a Series A round.

Who are Prizepool's investors?

Prizepool's investors include M13, Bling Capital, Accomplice, World Innovation Lab, Hustle Fund, FJ Labs.

Where is Prizepool headquartered?

Prizepool is headquartered in Palo Alto, California, United States.

Prizepool

Closed

Palo Alto, United States · Founded 2019 · $14.3M raised

Fintech

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.

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