Fetch Rewards to double employees
Armed with a new $25 million Series B investment from Greycroft and e.ventures, Wes Schroll, founder of Fetch Rewards, plans to double the company’s staff over the next year.
In 2013, Schroll dropped out of college to pursue his idea for Fetch Rewards, an app that asks people to scan their grocery receipts for opportunities to receive brand-name gift cards from Fetch Reward partners such as Kraft Heinz, Unilever, MillerCoors, and Frito Lay.
The company is on target to surpass 2 million monthly users by the end of year, according to a Wisconsin State Journal story.
Fetch Rewards has about 110 employees currently between its Madison headquarters and offices in Chicago and New York City. Schroll hopes to open San Francisco office next.