Wisconsin Inno: Madison tech firm Fetch lands $50M financing deal after reaching profitability

The Madison-based company behind the shopping rewards app Fetch has raised $50 million in debt financing after reaching profitability.

Fetch intends to use the cash infusion to accelerate a year of aggressive growth through product innovation, the development of its proprietary artificial intelligence technology, growing the app’s user base, and hiring, Fetch announced earlier this month.

The new debt financing is with Morgan Stanley Private Credit.

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