Ibotta's Enterprise Expansion May Increase Its Chances of a Successful IPO

Quick Summary:

Ibotta’s gross profits grew 68% from 2022, $164.5 million, to 2023, $276 million.

Ibotta has raised a little over $90 million in venture capital from funds including GGV Capital, Great Oak Ventures, and Teamworth Ventures, among others ,in addition to a slew of angel investors including Thomas Jermoluk and Jim Clark, the co-founders of Beyond Identity.

The company has since expanded into building back-end software for reward programs for enterprise customers including Exxon, Shell and Walmart.

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Article Details

Author / Journalist: Rebecca Szkutak

Category: Technology

Markets: United States

Topics: Exits Venture capital Ibotta IPO Apps Venture Startup Commerce

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-28 @ 16:26:56 (1 months ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 931 words

Reading Time: 6 minutes read

Sentences: 33 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20544886

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