Weekly Refresh: Colorado Welcomes a New Unicorn, and More

by Sophie Kalt
August 12, 2019

 

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photo via ibotta

Ibotta is now valued at $1 billion after announcing Series D. The Denver-based company offers cashback and rewards at companies including Uber, Amazon and Expedia. Unicorn status in hand, the company plans to use the funding to build out its Pay with Ibotta payment feature, hire upwards of 200 employees and increase their marketing spend. [Built In Colorado]

Backbone raised $10 million to help brands turn ideas into products quickly. The cloud-based platform integrates into apps like Shopify and Slack to help brands bring a product into production. Coming on the heels of an $8 million raise last year, the additional funding will be used to grow the team and expand into new industries. [Built In Colorado]

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