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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald