Cashback and rebate startup Ibotta secures funding at a $1 billion valuation

Ibotta, a startup whose platform doles out rewards for in-store and online purchases, today announced a series D funding round led by Koch Industries subsidiary Koch Disruptive Technologies, at a $1 billion valuation.

The size of the raise wasn’t disclosed, but it comes after three previous rounds totaling roughly $85 million.

CEO Bryan Leach said the capital infusion will enable Colorado-based Ibotta to accelerate its hiring plans over the next year and expand its two-floor downtown Denver headquarters.

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