Cardlytics Raises $33 Million to Support Daily Deals Alternative

Cardlytics, which is developing a platform that enables banks and others to offer Groupon-like discounts to consumers, has raised a $33 million fourth round of capital. Investors in the round include Groupe Aeroplan, with which it is also forming an alliance, along with Canaan Partners, Polaris Venture Partners, TTV Capital, ITC Holdings and Kinetic Ventures. The Atlanta-based company will use the capital for U.S. and international growth.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work