Madison-based grocery tech startup Fetch Rewards Inc. has raised an $8 million equity funding round, according to a new SEC filing.
The proceeds are to be used for general corporate purposes, according to the filing.
Fetch Rewards is an app that asks users to upload pictures of their grocery receipts in return for points that can be redeemed for rewards at those retailers. The startup has partnerships with thousands of grocery stores, including Kroger, Costco, Aldi, CVS and Target.
According to a press release from Fetch earlier this month, the app has been downloaded more than 1 million times nationwide. Fetch was established in 2013, and now has 60 employees. Read the full story here.