On August 30th, 2023, FlipGive announced it raised $5 million in a Series B financing round co-led by Thrive Venture Fund at BDC Capital and Framework Venture Partners. FlipGive plans to use this funding to further grow the FlipGive direct-to-consumer app across North America, and to scale FlipGive's new white label embedded cashback rewards shopping platform.
FlipGive is a team funding app that simplifies raising money for sports teams, schools and community groups. Teams earn cash back by buying the things they need to get anyways and are paid whenever they shop, dine out, book hotels or activities through hundreds of popular brands.
Osler, Hoskin & Harcourt LLP advised FlipGive with a team consisting of Chad Bayne, Jeremy Lin, Jordana Corber-Tovel and Ferial Fekri (Emerging and High Growth Companies).