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ACQUIRED COMPANY
 
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FiveStars  Acquired by SumUp (2021 $ 317,000,000 )

500 3rd St #405
San Francisco, CA 94107
USA
860) 578-2770
Website Company Summary Management Team
Management

CEO: Victor Ho
President/COO/Operations: David King (3/31/2020)
Finance: Yun-Jung Choi (4/30/2020)
Technology: Zach Shubert ; Matt Doka (12/31/2010)
Sales/Marketing: Jim Lipuma ; Chris Luo
Board

Outside board: (May no longer be on the board) Peter Nieh (Lightspeed Venture Partners Managing Director) Jason Krikorian (DCM Ventures General Partner) Pravin Vazirani (Menlo Ventures Managing Director)
Company

Business description: FiveStars provides the simplest, most powerful way for local businesses to increase customer loyalty. The platform allows merchants to drive lasting increases in revenue without discounting, while increasing overall customer satisfaction through rewards. Founded in 2010, FiveStars is disrupting the $60 billion loyalty market with consumer and merchant-friendly solutions and products at retail locations around the country. FiveStars is the only company on the market to integrate with over 90 percent of existing point of sale systems helping retailers of any size gain insight into their users and their behaviors. The company was founded by Victor Ho and Matt Doka and has raised $16M in funding from DCM, Lightspeed Venture Partners, Mayfield Fund, YCombinator and angel investors, Hadi and Ali Partovi, and Chamath Palihapitiya.
Capital

Rounds: 4
Recent Fundings: Oct 2020   Jan 2016
Capital raised: 115.2M
Last Round: 22.5M
Ownership: Acquired by SumUp (2021 $ 317,000,000 )

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Overview
Record updated: Oct 2021
Sector: Software
Year Founded: 2010
Headcount: 301-400 as of Oct 2021
Rounds: 4
Recent Fundings: Oct 2020   Jan 2016
Capital Raised: 115.2M
Last Round: 22.5M
Ownership: Acquired by SumUp (2021 $ 317,000,000 )