Ebates, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Ebates, Inc. - overview
Established
1998
Location
San Francisco, CA, US
Primary Industry
Internet
About
Ebates, Inc. is an online cash-back shopping platform that rewards users for making purchases through its portal, enhancing the shopping experience and offering savings to consumers. Founded in 1998 in San Francisco, US, Ebates, Inc. operates as an online platform where users earn cash-back on purchases made through participating retailers.
It was acquired by Rakuten Group, Inc. for USD 1 billion in September 2014, marking a significant pivot in its business strategy. The company has engaged in 4 total deals with the latest being a Trade Sale funding round with Rakuten. The founder's specific history is not detailed, but the acquisition signals a shift towards broader market integration.
Ebates, Inc. specializes in offering cash-back rewards for purchases made through its website, streamlining the shopping experience for consumers. The platform partners with numerous retailers, allowing users to receive a percentage of their spending back as cash rewards. This service is beneficial to a wide range of consumers across North America and Europe, facilitating easier access to savings while shopping online.
The company operates on a subscription-based revenue model, where retailers pay a fee to be featured on the platform and users earn cash-back on their purchases. This model allows for predictable revenue streams, fostering long-term relationships with clients and partners. Flagship offerings are presented through tiered pricing plans, accommodating various business sizes from small to large enterprises, with a focus on direct B2B transactions to enhance service delivery. Looking ahead, Ebates, Inc.
aims to develop new product features and enhancements to its platform, with specific design initiatives expected to roll out by the end of 2024. The company plans to expand into new geographic markets, specifically targeting regions in Europe and Asia by mid-2025. The recent funding from Rakuten will support these initiatives, enabling further investment in technology and market expansion, alongside improving user engagement strategies to enhance customer loyalty.
Current Investors
Founders Circle Capital, Foundation Capital
Primary Industry
Internet
Sub Industries
Internet
Website
www.ebates.com
Verticals
E-commerce
Company Stage
Mature
Total Amount Raised
Subscriber access only
Ebates, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | VoxPop Communities, Inc. | - |
Displaying 1 - 1 of 1
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.