What is Earny?
Earny operates as a personal assistant service, empowering consumers to automatically receive refunds on purchases when prices decrease. The platform's core functionality revolves around price protection, ensuring users can capitalize on savings without manual intervention. By offering a free-to-join service, Earny aims to maximize user earnings on their transactions, positioning itself as a key player in the consumer savings and e-commerce optimization space. The company's strategy focuses on effortless savings for its user base.
How much funding has Earny raised?
Earny has raised a total of $12.7M across 3 funding rounds:
Angel/Seed
$1.2M
Other Financing Round
$2.5M
Series A
$9M
Angel/Seed (2016): $1.2M with participation from Sweet Capital and Science Media LLC.
Other Financing Round (2016): $2.5M led by Adam Nash, Jeff Bonforte, and Science Inc.
Series A (2017): $9M supported by Mayfield, Science Inc, and Comcast Ventures
Key Investors in Earny
Sweet Capital
Sweet Capital is a private investment fund established by the founders of King.com, known for the popular game Candy Crush Saga. The fund was created following their significant $5.9 billion sale to Activision Blizzard in 2015. Sweet Capital focuses on investing in innovative companies and startups, leveraging the founders' expertise in the gaming and technology sectors.
Science Inc.
Science Inc. is a venture capital firm that focuses on investing in direct-to-consumer (D2C) brands, D2C services, and mobile and social entertainment sectors. They provide capital and strategic guidance to innovative startups.
Comcast Ventures
Comcast Ventures, the venture capital affiliate of Comcast Corporation, invests in consumer, enterprise, and frontier technology companies. They provide capital and strategic support to both B2B and B2C businesses.
What's next for Earny?
With a major strategic investment bolstering its financial standing, Earny is poised for significant expansion. The enterprise-level funding suggests a focus on scaling operations, enhancing its technological infrastructure, and potentially broadening its service offerings. This strategic capital will likely fuel initiatives aimed at increasing user acquisition, forging new partnerships with retailers, and further developing its AI-driven refund automation capabilities. The company's trajectory indicates a strong push towards solidifying its market leadership in automated consumer savings.
See full Earny company page
