Copper
About Copper
Copper is a Fintech startup based in Seattle, WA, United States that has raised $42M in venture capital across 4 funding rounds since 2019. The company reached Series A stage in August 2020 with a $4.3M round led by PSL Ventures. Copper's investor base includes 6 institutional funds, with PSL Ventures leading the most recent equity round.
Copper is a consumer rewards platform with over 4 million members that lets users earn cash by playing mobile games, completing surveys, scanning receipts, and linking a debit or credit card for cashback on everyday purchases. Originally launched as a teen-focused digital banking app, the company pivoted to its current rewards model in 2024 after the collapse of fintech infrastructure provider Synapse. Members can redeem earnings as gift cards or cash via PayPal and Venmo, and the platform has generated over $14 million in total member payouts.
Copper Funding Rounds Timeline
4 rounds · $42M raised · since 2019
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | August 2020 | $4.3M | — | PSL Ventures | — |
| Seed Extension | October 2021 | $9M | — | PSL Ventures | Clocktower Ventures, Index Ventures Scout Fund, Launchpad Capital, Financial Venture Studio, Maven Ventures, Fiat Ventures, Samsung Next, Arnold Ventures |
| Series A | April 2022 | $29M | — | Fiat Ventures | Panoramic Ventures, Insight Partners, Invesco Private Capital |
| Strategic | July 2026 | Undisclosed | — | Diplo | — |
Investors in Copper
6 institutional investors across 4 rounds
Lead investors
Co-investors
Recent news about Copper
Questions about Copper
How much has Copper raised?
Copper has raised $42M across 4 funding rounds since 2019.
Who are the investors of Copper?
Copper's investors include PSL Ventures, Fiat Ventures, Clocktower Ventures, Index Ventures Scout Fund, Insight Partners, Diplo.
When was Copper's last funding round?
Copper's most recent round was a $4.3M Seed in August 2020, led by PSL Ventures.
Where is Copper headquartered?
Copper is headquartered in Seattle, WA, United States, and was founded in 2019 by Eddie Behringer, Stefan Berglund.