Jackpot Rewards Received $16.7 Million for a Discount Club with Sweepstakes

  • Posted By:
  • 0 Comments... What do you have to say?

Jackpot Rewards Received $16.7 Million for a Discount Club with Sweepstakes

Jackpot Rewards raised $16.7 Million in Series A funding from high profile individual investors Jack Connors, Peter Lynch, and Chuck Clough.

What does Jackpot Rewards do?

Jackpot Rewards is a discount shopping club that also has a sweepstakes.

VCU says:

Jackpot Rewards provides access to discounts for members. Members pay a $3 weekly membership fee and Jackpot Rewards has stated they will provide half of the profits pledged to give half of its profits to children’s charities.

The site also has a drawing for a $100 million dollar sweepstakes three times a week and there is a weekly sweepstakes that has a guaranteed payout of $1 million.

Jackpot Rewards is a discount club requiring a paid membership and the sweepstakes is used as a customer acquisition tool.

Take a look at Jackpot Rewards.

Founders:

NA

Funders:

Funding is from high profile individual investors Jack Connors, Peter Lynch, and Chuck Clough.




See an Error? Contact Us

What do you think? Join the discussion...

You must be logged in to post a comment.

venture capital update google plus page Get updates on Google Plus
venture capital update on facebook Get updates on Facebook
venture capital update on twitter Follow fundings on Twitter
venture capital update on pinterest Visit our Pinterest Page








Subscribe here
TwitterCounter for @longest

Follow here



Venture Capital News


Directories


Site Information

    About: I work at Phase One Accelerators and you can find me on and at Brian Longest on LinkedIn.

    Share Us on