Prizeout

Facilitates gift card-based advertising campaigns

New York City, New York, United States

About Prizeout

Prizeout operates in the advertising technology sector, focusing on enhancing consumer engagement and helping retailers grow through gift card-driven ad campaigns. The company partners with retailers to create campaigns that provide consumers with added value and flexibility. Retailers can quickly launch these campaigns using Prizeout's platform, which connects them with an audience that prefers more engaging offers than traditional ads. Prizeout's business model involves charging retailers fees for creating and distributing these gift card-based campaigns, which not only boosts sales for retailers but also offers consumers attractive incentives. This approach sets Prizeout apart from competitors in the digital advertising market by specifically leveraging gift cards as a marketing tool, aiming to create a beneficial experience for both businesses and consumers.

New York City, New YorkHeadquarters
2019Year Founded
$36.5MTotal Funding
SERIES_BCompany Stage
Consulting, Consumer GoodsIndustries
51-200Employees

Risks

Increased competition could dilute Prizeout's market share.
Regulatory changes in fintech could impact Prizeout's operations.
Economic downturns may reduce demand for gift card promotions.

Differentiation

Prizeout uses gift cards as a unique growth marketing tool.
The platform offers instant cashback from national and local brands.
Prizeout enables quick ad campaign launches, enhancing consumer engagement.

Upsides

Prizeout raised $25M in Series B funding to expand its offerings.
Partnerships with fintechs like Pockit enhance Prizeout's market reach.
Increased consumer interest in digital gift cards boosts Prizeout's platform engagement.

Funding

Total raised$36.48 M
Latest valuation$125.00 M
StageSERIES_B
SERIES A
4/30/2020
$4
$22.50 M
SEED
12/31/2019
$1
$5.00 M