As mentioned in our maiden blog, we at SHAmory are huge fans of Lolli. So when news broke that Lolli has closed a Seed round it was excitement all around. The Lolli Seed round raised $3M and was led by Pathfinder, Founders Fund’s early-stage investment vehicle. Other new investors include beauty entrepreneur Michelle Phan, Sound Ventures, Craft Ventures, Company Ventures, Adam Leber, and Chapter One Ventures. Repeat investors include FJ Labs, Version One, Bain Capital Ventures, Digital Currency Group, Pir Granoff, and Brian Sugar.
What are they saying about it?
CEO and Co-founder of Lolli, Alex Adelman said : “We’re excited to continue accelerating the mission of Lolli, making bitcoin more accessible to all. The team and I are creating the easiest way for people to earn and own bitcoin. We have an incredible syndicate of strategic investors that will help drive the adoption of Lolli and bitcoin forward.”
Investor and entrepreneur, Michelle Phan said: “The moment I learned about Lolli, I knew this was the right platform that will help make bitcoin accessible to all, and I needed to invest in it. I’m thrilled to work with Lolli to help educate and bring Bitcoin to the masses.”
Hear more from Michelle in the video below. We don’t think it’s coincidence that one of the OG YouTube influencers is once again forward thinking enough to recognize a new disruptive technology, Bitcoin.
We think that products like Lolli, and SHAmory, are the types of vehicles that will help provide a frictionless adoption experience.
What is Lolli?
Founded in August of 2018, Lolli has successfully launched its website, browser extensions on Chrome and Firefox, and has given hundreds of thousands of dollars back in free bitcoin to its users. Lolli users earn upwards of 30% back and an average of 7% on their everyday purchases. The company partners with over 750 top merchants such as Priceline, Macy’s, and Best Buy. These merchant partners pay Lolli when users shop their sites. Lolli then shares the commission with its users, sending free bitcoin to their Lolli wallets.
What will the funds be used for?
The funding will be used to launch Lolli’s mobile app and expand the company internationally this year. Lolli is set to launch its full mobile app in Summer 2020. The highly anticipated app will make bitcoin even more accessible by allowing Lolli users to earn from merchants on both web and mobile.
Congrats again to the entire Lolli team. Don’t forget to sign up and start stacking sats while you shop!
What is SHAmory?
Shamory is a Bitcoin card game for kids and adults. It is the perfect mixture of fun and education for anyone interested in learning about Bitcoin. Learn the basics of how mining works while earning Bitcoin rewards for each block you mine.
SHAmory players will not only have a blast while playing, they will also be exposed to key features that have kept the Bitcoin network secure over the past decade. This simple exposure will help individuals become more comfortable with Bitcoin and create the next generation of Bitcoin HODLers. So grab a friend or two and start mining today!