Chicago-based Raise has ankled Don Kingsborough for its Board Directors. In 2001, Kingsborough founded Blackhawk Network and worked most recently at PayPal.
A lifelong entrepreneur, Kingsborough first gained national attention in the late 1970s when he served as president of consumer products at Atari and played an instrumental role in introducing the Nintendo Entertainment System in the United States. He went on to found World of Wonder, where he launched Teddy Ruxpin, the best-selling toy in 1985 and 1986, and where he also was one of the creators of laser tag.
In 2001, Kingsborough founded Blackhawk Network, a pre-paid card company that ultimately revolutionized the way people shop by forging new ground in the gift card market. Most recently, Kingsborough worked at PayPal, where he spearheaded the company’s move into physical retail locations.
Raise is currently experiencing rapid growth, having recently closed a $56 million Series B funding round, which brought the total funds raised by the company to $81 million. In the past year, the company expanded its platform to accommodate more active buyers and sellers across all 50 states, released a successful iOS app, sold more than 1 million gift cards, grew from 25 to 135 employees, and saw significant growth every month including 50 percent revenue growth in November and December 2014.
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