Great news from our portfolio company Paylode!

It raised $5.5 million in seed funding from Susa Ventures, Vinyl Capital, Struck Capital, and Day One Ventures, among others, as it builds the next generation of digital customer engagement tools.

Paylode is a new way for businesses to launch, monetize and manage perks programs to drive consumer loyalty while helping consumers save money in this tightening economy.

Now Paylode, which has been testing in beta, enrolled 50-plus clients in retail, hospitality, insurance and consumer apps, and 1,000-plus brands into its embeddable perks ecosystem. Paylode saves time and money for more than a million consumers through pre-negotiated deals.