Silicon Valley and China-based venture capital firm GGV Capital has led a series C-1 funding round in Ibotta, a U.S.-based shopping app developer.
No financial details were disclosed in a company announcement. New York-based Harbor Spring Capital, Haystack Partners, Jim Clark and Tom "TJ" Jermoluk, pioneers in Netscape and Silicon Graphics, also participated in the round.
"Our firm looks well outside Silicon Valley and beyond borders for companies that understand how commerce for the mass market is shifting to mobile, and Ibotta gets it," said Hans Tung, managing partner at GGV. "We are excited to make this investment in Ibotta – our first in the State of Colorado – and just like Alibaba, Wish and other GGV portfolio companies, we are confident that Ibotta is poised for next-level success."
In addition to leading the roun...
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