Raise Valuation, Funding & Investors
Raise is valued at $675M as of February 2025.
Last Raise valuation
$675M
Undisclosed stage · Feb 2025
Last Raise funding round
$63M
Undisclosed stage · Feb 2025
Cumulative funding Raise raised
$205M
across 4 funding rounds
Key investors in Raise
Bessemer Venture Partners
Accel
New Enterprise Associates
Listen Ventures
The Pritzker Organization
Soma Capital
About Raise
Raise is a digital marketplace for buying and selling discounted gift cards from major retailers. Users purchase cards at up to 30 percent off or sell unused ones for cash. The Chicago-headquartered platform partners with brands like Starbucks, Home Depot, and Target. Raise operates a rewards program where customers earn points redeemable for statement credits. Its mobile app and website streamline transactions, enhancing savings on everyday purchases across dining, travel, and shopping categories.
Founded
2013
HQ
Chicago, ILWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$675M (Feb 2025)
Raise Valuation
Raise is currently valued at $675M, based on its undisclosed-stage round in February 2025.
The $63M round was led by Haun Ventures.
Raise's valuation has grown 1.1x from $615M at its Series B in January 2015 to $675M in February 2025, across 2 priced rounds.
Raise valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2025 | Undisclosed stage | $675M |
| Jan 2015 | Series B | $615M |
Raise Funding History
Raise has raised a total of $205M across 4 funding rounds.
Raise's first fundraising round was a $20M Series A in November 2013. The most recent completed round was a $63M undisclosed-stage round in February 2025.
Raise funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2025 | Undisclosed stage | Haun Ventures (lead) | $63M | $675M | Raise, founded in 2013 by George Bousis, is a gift card marketplace that operates as a leader in the global gift market. The company has modernized the gift card space by building a secondary marketplace for gift cards and has been generating profit for over a decade, though exact revenue figures were not disclosed by management. In February 2025, Raise announced a $63 million strategic funding round led by Haun Ventures, with participation from Paper Ventures, Selini Capital, GSR, Amber Group, Anagram, Blackpine, Borderless Capital, Karatage, Pharsalus Capital, Sonic Boom Ventures, the Web3 Foundation, and angels including Raj Gokal (Solana cofounder), Tekin Salimi, and Teddy Gorisse. The round consisted of a mix of primary and secondary share sales as well as token warrants. CEO George Bousis declined to disclose the exact post-money valuation but confirmed it was no less than the company's Series D valuation of $675 million. This round brings Raise's total funding to over $220 million, building on prior investments from Accel, PayPal, and New Enterprise Associates (NEA). Raise plans to deploy capital toward developing Smart Cards, its blockchain-powered gift card product, and expanding the Retail Alliance Foundation, a non-profit coalition focused on creating a more secure and interoperable gift card network. In connection with the funding, Raise appointed a new board including Marco Santori (former CLO at Kraken), George Ruan (former cofounder and CEO of Honey), Matt Maloney (founder and former CEO of GrubHub), and Bjorn Wagner (CEO of Parity Technologies). The company is positioning this expansion as a bet on blockchain technology to modernize a trillion-dollar gift card market that has remained largely unchanged for decades. |
| Sep 2017 | Series C | Accel (lead); Chang Corporation; Jaws Ventures; New Enterprise Associates; Bessemer Venture Partners; Wayne Chang | $60M | - | - |
| Jan 2015 | Series B | New Enterprise Associates (lead); Listen Ventures; Soma Capital; Bessemer Venture Partners; The Pritzker Organization; Accel | $62M | $615M | - |
| Nov 2013 | Series A | Bessemer Venture Partners (lead); Listen Ventures; The Pritzker Organization | $20M | - | - |
Who has invested in Raise?
10 investors have backed Raise across its funding rounds, including Bessemer Venture Partners, Accel, New Enterprise Associates, Listen Ventures, The Pritzker Organization and Soma Capital.
Lead investors include Haun Ventures, Accel, New Enterprise Associates and Bessemer Venture Partners.
Raise Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 3 | Lead | Nov 2013 | |
| Chicago | 2 | Participant | Nov 2013 | |
| San Francisco, CA | 2 | Lead | Jan 2015 | |
| Chicago, IL | 2 | Participant | Nov 2013 | |
| Palo Alto, CA | 2 | Lead | Jan 2015 | |
| New York City, NY | 1 | Participant | Sep 2017 | |
| San Francisco, CA | 1 | Lead | Feb 2025 | |
| Miami, FL | 1 | Participant | Sep 2017 | |
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Start Free TrialAcquisitions by Raise
Raise has acquired 2 companies to date.
Last acquisition by Raise was on June 24th 2016. Raise acquired Getslide for undisclosed valuation.
Latest Acquisitions by Raise
| Description | Getslide is a Sydney-based mobile app that consolidates gift cards into a digital wallet for balance checks and merchant discovery. Supporting cards from Coles, Woolworths, Myer, and JB Hi-Fi, it uses GPS to locate redemption spots across Australia. Launched in 2013, users reload balances via Apple Pay and track expiration dates in one interface. | Tastebud, formerly StyleSeek Inc., is a platform developing mobile retail experiences that personalize in-store shopping. Utilizing beacon technology, personalized offers, gamified loyalty programs, the Tastebud Retail solution drives sales at brick-and-mortar centers. It collaborates with major retailers and brands across the United States to engage millions of shoppers. |
| HQ Country | | |
| HQ City | New York City, NY | Chicago, IL |
| Deal Date | 24 Jun 2016 | 20 Aug 2015 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Raise acquisitions and their M&A valuation multiples. Start Free Trial | ||
Raise Competitors
Raise competitors include listed companies like Ziff Davis and Hemnet, and private ones like Snackpass, Squire, ShopBack and Vagaro.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $400M | - | |
| New York City, NY | Private | $15M | - | $750M | 50.0x | |
 Singapore | Private | - | - | $900M | - | |
| United States | Private | - | - | $1B | - | |
| United States | Publicly listed | $1.5B | $335M | $2B | 1.0x | |
 Sweden | Publicly listed | $156M | $78M | $685M | 5.2x |
Raise Public Comps
Raise is still privately-owned, but its public comps include Hemnet, DIP, WeBuyCars, Ixigo, Cars.com, Maoyan Entertainment, Hypoport, Nerdwallet, Groupon and EverQuote.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $156M | $78M | 4.8x | 5.2x | 9.6x | 11.1x | |||
| $353M | $85M | 1.5x | 1.5x | 6.1x | 7.4x | |||
| $1.6B | $90M | 0.5x | 0.5x | 9.7x | 8.6x | |||
| $128M | $8M | 5.0x | 4.5x | 83.7x | 57.8x | |||
| $723M | $157M | 1.4x | 1.4x | 6.5x | 4.8x | |||
| $691M | $124M | 0.1x | 0.1x | 0.7x | 1.0x | |||
| $694M | $78M | 0.8x | 0.8x | 6.9x | 6.8x | |||
| $837M | $112M | 0.6x | 0.6x | 4.7x | 3.6x | |||
This data is available for Pro users. Sign up to see all Raise competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Raise
| When was Raise founded? | Raise was founded in 2013. |
| Where is Raise headquartered? | Raise is headquartered in Chicago, IL, United States. |
| Is Raise publicly listed? | No, Raise is a private, VC-backed company. |
| What is Raise's valuation? | Raise was last valued at $675M in its undisclosed-stage round in February 2025. |
| How much funding has Raise raised? | Raise has raised $205M across 4 funding rounds. |
| What was Raise's last funding round? | Raise's last funding round was a $63M undisclosed-stage round in February 2025, led by Haun Ventures. |
| Who are Raise's investors? | Raise's investors include Bessemer Venture Partners, Listen Ventures, New Enterprise Associates, The Pritzker Organization, Accel, Chang Corporation, Haun Ventures, Jaws Ventures, Soma Capital and Wayne Chang. |
| Which companies are comparable to Raise? | Companies comparable to Raise include Snackpass, Squire, ShopBack, Vagaro, Ziff Davis and Hemnet. |
| How many companies has Raise acquired? | Raise has acquired 2 companies, including Getslide and Tastebud. |
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