Colorado has a new unicorn.
Ibotta, the Denver-based mobile rewards platform, announced this morning that it has raised a Series D at a $1B valuation, becoming the state’s latest private company to reach a ten digit valuation. The value of the Series D was not disclosed.
The round was led by Koch Disruptive Technologies (KDT), a Wichita-based investment firm headed by Chase Koch, son of billionaire Charles Koch. A subsidiary of Koch Industries, KDT focuses on investments that support Koch’s core capabilities, as well as companies that create entirely new platforms. Koch Industries, a multinational corporation with subsidiaries in chemicals, energy, manufacturing and more, is one of the U.S’ largest private companies with revenue over an estimated $110 billion.