Customer loyalty and payments platform for small businesses.
Company was acquired
Event Year: 2012
Company was acquired
Event Year: 2012
Fivestars operated as a prominent payment and customer loyalty platform dedicated to supporting small, local businesses. The company's core mission centered around fostering thriving businesses and communities by transforming transactional interactions into meaningful, lasting relationships. Established in 2011, Fivestars cultivated a robust platform boasting 60 million users actively engaged in discovering and bolstering sales for over 14,000 small businesses. The platform facilitated over $3 billion in annual local sales, with a monthly influx of over 1 million new users joining to champion the local businesses that enrich their communities. Fivestars secured funding from notable investors including Lightspeed, DCM, Menlo Ventures, and HarbourVest. The company's vision was encapsulated in the #LoveLocal campaign, encouraging community support for local businesses.
Fivestars operated as a prominent payment and customer loyalty platform dedicated to supporting small, local businesses. The company's core mission centered around fostering thriving businesses and communities by transforming transactional interactions into meaningful, lasting relationships. Established in 2011, Fivestars cultivated a robust platform boasting 60 million users actively engaged in discovering and bolstering sales for over 14,000 small businesses. The platform facilitated over $3 billion in annual local sales, with a monthly influx of over 1 million new users joining to champion the local businesses that enrich their communities. Fivestars secured funding from notable investors including Lightspeed, DCM, Menlo Ventures, and HarbourVest. The company's vision was encapsulated in the #LoveLocal campaign, encouraging community support for local businesses.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2011
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2011
B2B
B2B
B2B -> Retail
B2B -> Retail
Team size: 201
Hiring: No
Team size: 201
Hiring: No