• FOUNDING YEAR: 2009
    LOCATION:
    Germany
    REGION:
    Last Update:
    27 Jun, 2019
    Phone:
    +1 650-233-3425

Description

FOCUS

PRODUCTS & SERVICES:
A new location technology that allows the app to verify the user is actually present inside a store. Shopkick broadcasts an inaudible audio signal at a high-pitch frequency that can be picked up by a smartphone's microphone, either through the store's existing music system or through a small transmitter. The shopkick app decodes the signal and the user receives shopkick's universal reward currency called "kicks."
EXISTING PARTNERSHIPS:
Target,Macy,Old Navy,Best Buy

PEOPLE

FOUNDERS:
Jeff Sellinger, Cyriac Roeding, Aaro Emigh
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Greylock Partners,Reid Hoffman

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$20 Millions
FUNDING SERIES:
SERIES A
$5 Millions Closed: Jan 2010
SERIES B
$15 Million Closed: Jul 2010
COMMENTS
SERIES A : Cumulative funding indicated
LISTED:
NO

LATEST RESEARCH