Plink successfully closed its $750,000 debt offering which was initiated this month. A single investor subscribed to the non-brokered placement. Two previous financing rounds initiated by Plink raised an estimated $5.5 million. The company is backed by Grotech Ventures, one of the pioneer in the early stage investment arena for high-potential technology companies.
Plink is an online-to-offline rewards program that motivates members to make offline purchases. Plink members create an account at Plink.com or via the Plink mobile app, then link the credit or debit card of their choice, and begin earning “Plink points” by purchasing offline at more than 75,000 restaurants and retailers nationwide. Plink Points can be redeemed for gift cards from 25 brands. According to the company, Plink’s pay-for-performance advertising model provides offline brands with a risk-free way to drive sales and build loyalty.
Peter Vogel (CEO) leads the Denver CO based company which was registered in 2011. Plink elected not to disclose its revenues. The executive team includes David Asseoff and Jill Fletcher. The board of directors includes Richard Sokol, Mark Turnage and Joseph Zell.
Status: Completed/Final close
Amount offered: $750,000
Amount placed: $750,000