{"id":5795,"date":"2013-03-13T14:27:55","date_gmt":"2013-03-13T18:27:55","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=5795"},"modified":"2013-03-13T14:27:55","modified_gmt":"2013-03-13T18:27:55","slug":"500friends-raises-5-million-in-series-b-funding-round","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/500friends-raises-5-million-in-series-b-funding-round-5795","title":{"rendered":"500friends raises $5 million in Series B funding round"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 03\/13\/2013 (wallstreetpr) &#8211; Startup 500friends, which enables retailers to acquire and retain high value customers, has raised a $5 million in its Series B round of funding.<\/p>\n<p style=\"text-align: justify;\">The financing was led by existing investor Intel Capital and Fung Capital, the new investor, along with participation from returning investor Crosslink Capital.<\/p>\n<p style=\"text-align: justify;\">The startup said it will use the funds to further improve the omni-channel capabilities of its LoyaltyPlus \u2013 a platform that enables retailers to deploy next-generation loyalty programs and make traditional transactional loyalty programs relevant.<\/p>\n<p style=\"text-align: justify;\">Founded in 2010, 500friends is a US-based company which offers loyalty and lifecycle marketing solutions. It works with more than 40 top retailers, including Build.com, Ice.com, Jewelry Television and Shoebuy.com.<\/p>\n<p style=\"text-align: justify;\">As part of the financing, Carey Lai, Director at Intel Capital and Michael Hsieh, President of Fung Capital USA will join the 500friends Board of Directors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 03\/13\/2013 (wallstreetpr) &#8211; Startup 500friends, which enables retailers to acquire and retain high value customers, has raised a $5 million in its Series [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":5796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[265],"tags":[],"stock_ticker":[],"class_list":["post-5795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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