Raise Raises the Stakes in Gift Card Arena

A Chicago-based company called Raise recently announced it has secured a $56 million round of Series B funding led by global venture capital form New Enterprise Associates. The additional funding brings Raise’s total outside investment to $81 million. Raise offers consumers a place where they can unload their unused or partially used gift cards or buy others’ unused gift cards at a discount. Buyers are also able to set their own pricing.