What is Prizeout?
Founded in 2019 and headquartered in New York City, Prizeout operates as a first-in-class ad-tech company that transforms the withdrawal experience into a powerful growth engine for e-commerce and retail businesses. By integrating directly with gaming, neobank, crypto, gig economy, and payroll platforms, Prizeout enables users to convert their funds into bonus offers at popular brand favorites. This model effectively turns standard financial transactions into high-value marketing opportunities, providing a seamless, secure, and curated experience for end-users while driving customer acquisition and retention for retail partners.
How much funding has Prizeout raised?
Prizeout has raised a total of $30.5M across 3 funding rounds:
Angel/Seed
$1M
Series A
$4.5M
Series B
$25M
Angel/Seed (2020): $1M, investors not publicly disclosed
Series A (2020): $4.5M, investors not publicly disclosed
Series B (2022): $25M supported by Anchor Capital, Continental Investment Partners, Mark Cuban Companies, Astralis Capital, RiverPark Ventures, and PRECEPT CAPITAL MANAGEMENT
Key Investors in Prizeout
Anchor Capital
Anchor Group Limited is an entrepreneurial wealth and asset management business providing local and global investment solutions through bespoke wealth strategies and institutional asset management.
Continental Investment Partners
Continental Investment Partners is an investment sponsor with over a decade of experience in Europe, focusing on strategic investments in companies and real estate operations.
Mark Cuban Companies
Mark Cuban Companies is a diversified holding firm managing a broad portfolio across technology, healthcare, and consumer goods, providing strategic oversight and capital to high-growth ventures.
What's next for Prizeout?
With the recent capital injection, Prizeout is well-positioned to accelerate its market penetration and deepen its existing partnerships across the fintech and retail sectors. The company's strategic roadmap likely involves expanding its network of brand partners and enhancing its technological infrastructure to support higher transaction volumes. As it moves beyond its current growth phase, Prizeout is expected to focus on diversifying its service offerings, potentially exploring new verticals within the digital payment ecosystem to further solidify its market leadership. The firm remains a key entity to watch as it continues to redefine the intersection of consumer finance and retail marketing.
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