PrizeGrab
PrizeGrab is a US-only online sweepstakes platform, operated by Fun Grab LLC, where adults enter for free to win cash, electronics, and gift cards supplied by sponsoring brands in exchange for promotional exposure.
- Company typePrivate
- Founded2013
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2C
- OfferingDigital Commerce or Content
What PrizeGrab does
PrizeGrab, operated by Fun Grab LLC (Delaware), is a consumer-facing online sweepstakes platform founded in 2013 and accessible via web browser on PC, mobile, and tablet. The company enables US-based adults (18+) to create free accounts and enter drawings for cash, electronics, gift cards, scholarships, and consumer goods through a one-click entry flow, with no purchase necessary. The platform layers gamification onto the core sweepstakes mechanic via entry streaks (awarded at 10 daily entries) and a points/levels progression system (bronze through gold and beyond) designed to drive habitual return visits and email engagement.
The underlying technology is a straightforward web-based sweepstakes application with email-based winner notifications and a dedicated Prize Fulfillment team that coordinates prize delivery. There is no native mobile app, no public API or SDK, and no disclosed proprietary technology stack or AI/ML components. PrizeGrab operates a sub-brand called 'Cashanova' and produces YouTube 'surprise delivery' content for high-value cash and merchandise winners, which functions as organic content marketing.
PrizeGrab's business model is sponsored sweepstakes: third-party brands supply prizes in exchange for promotional visibility and exposure to the platform's user base, and users enter for free. Distribution and growth are product-led and self-serve, relying on the company blog, Facebook/Twitter/Instagram pages, an email newsletter, and YouTube. The company is privately held, bootstrapped (no disclosed venture capital or private equity investment), headquartered in Miami, FL, and operates with a 1-10 person team.
PrizeGrab firmographics
Firmographics- Name
- PrizeGrab
- Legal name
- Fun Grab LLC
- Website
- https://prizegrab.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PrizeGrab is a US-only online sweepstakes platform, operated by Fun Grab LLC, where adults enter for free to win cash, electronics, and gift cards supplied by sponsoring brands in exchange for promotional exposure.
- Ownership category
- akta.pro rank
Where PrizeGrab is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PrizeGrab business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Marketing or Sales, Operations, Personnel, Technology or R&D, Others
Revenue model
- Sponsored Sweepstakes: PrizeGrab generates revenue through sponsored sweepstakes where third-party brands provide prizes. Sponsors cover prize costs in exchange for promotional visibility and brand exposure to PrizeGrab's user base. Users enter sweepstakes for free - no purchase necessary.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free consumer access with no purchase necessary |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
PrizeGrab product offering
Product offeringCore offering
PrizeGrab is an online sweepstakes platform that enables U.S. consumers aged 18 and older to enter free prize giveaways (cash, electronics, gift cards, and consumer products) with one click. The platform is monetized through sponsored sweepstakes in which third-party brands supply prizes in exchange for promotional exposure to the user base, while a dedicated Prize Fulfillment team handles delivery to winners.
Product overview
PrizeGrab is a consumer-facing online sweepstakes platform founded in 2013 that enables users to enter various prize giveaways for free. The core platform allows users to create accounts, browse available prizes (including cash, electronics like laptops and smart devices, gift cards, and consumer products), and enter sweepstakes with one click. The platform incorporates gamification features including entry streaks and a points/levels system that rewards daily participation. The company operates primarily in the United States and its territories, with aPrize Fulfillment team handling physical and digital prize delivery to winners.
Differentiator
Problem solved
Functional benefit
Brands
- Cashanova: PrizeGrab associates who love giving away cash and prizes. Cashanovas Adam and Greg appear in videos giving winners massive checks.
Products and services
- PrizeGrab Sweepstakes Platform Consumer-facing online sweepstakes platform where users create free accounts and enter giveaways for cash, electronics, gift cards, and other prizes through random drawings; open to legal U.S. residents 18+.
- Ultrahuman AIR Smart Ring Sweepstakes A specific sponsored sweepstakes on PrizeGrab awarding an Ultrahuman AIR Smart Ring wellness wearable (retail value $349.99) to a randomly selected entrant.
- Apple MacBook Air 13.3" Laptop Sweepstakes A specific sponsored sweepstakes awarding an Apple MacBook Air 13.3" Laptop with M1 chip (retail value $599) to a randomly selected entrant.
- $1,000 Scholarship Sweepstakes A specific sponsored sweepstakes awarding a $1,000 scholarship applicable to a school of the winner's choice.
- $777.00 Cash Giveaway Sweepstakes A specific cash-prize sweepstakes awarding $777.00 to a randomly selected entrant.
Quantifiable outcome
- Over $2.3 million in prizes awarded since 2013
- +4 more outcomes
Companies that use PrizeGrab
Customer profileNamed customers10 records
Segments1 record
Ideal customer profiles1 record
PrizeGrab technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
PrizeGrab partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
PrizeGrab competitors and assessment
Company assessmentEmerging players
- Swagbucks: Consumer rewards platform offering points for surveys, shopping, and sweepstakes-style activities, redeemed for gift cards/cash. Comparable to PrizeGrab on the 'free-to-play, points-driven, sponsor-funded' engagement layer, though broader in scope and larger in scale.
- MyPoints: Long-running consumer loyalty/rewards platform where members earn points for shopping, surveys, and sweepstakes entries. Comparable to PrizeGrab in targeting US consumers with gamified points-based engagement funded by brand advertisers.
- InboxDollars: Reward-based consumer engagement platform offering cash for email reads, surveys, and sweepstakes entries. Comparable to PrizeGrab on free-to-enter, email-driven, brand-funded consumer attention monetisation.
Direct peers
- Online-Sweepstakes.com: Online sweepstakes directory that aggregates brand-sponsored giveaways for US entrants. Comparable to PrizeGrab in audience (US sweepstakes hobbyists) and in competing for the same pool of brand-funded sweepstakes inventory.
- Sweepstakes.com: Long-running online sweepstakes aggregator and operator running free-to-enter giveaways sponsored by brand advertisers. Closely comparable to PrizeGrab in format (free entries, brand-funded prizes, daily drawings) and audience (US sweepstakes consumers).
- FreeStuff.com: Established free-stuff and sweepstakes aggregator serving US consumers since the 1990s with daily giveaways. Directly comparable to PrizeGrab on product (curated sweepstakes catalog), audience (US freebie-seekers), and monetisation model (sponsor-driven).
- Contestgirl: Niche online sweepstakes listing site targeting US sweepstakes enthusiasts with curated daily contests. Directly comparable to PrizeGrab as a destination for sweepstakes seekers and a candidate channel for sponsor-paid placement.
- Publishers Clearing House: Iconic US sweepstakes operator since 1953 running large-prize cash giveaways (the famous 'Prize Patrol'). Directly comparable to PrizeGrab as a free-to-enter online sweepstakes platform targeting US adults with daily engagement and advertiser-funded prize pools.
Others
- IZEA: Public influencer marketing platform that runs sponsored social campaigns including giveaway and sweepstakes mechanics for brands. Comparable to PrizeGrab as a technology/service layer enabling brand-funded promotional sweepstakes, though targeting influencer campaigns rather than direct consumer entry.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
PrizeGrab social profiles
Digital presencePrizeGrab financial estimates
Financial estimateRevenue estimate
Valuation estimate
PrizeGrab leadership team
Management profileNumber of profiles
Profiles4 records
PrizeGrab funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PrizeGrab M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PrizeGrab
What does PrizeGrab do?
PrizeGrab is an online sweepstakes platform that enables U.S. consumers aged 18 and older to enter free prize giveaways (cash, electronics, gift cards, and consumer products) with one click. The platform is monetized through sponsored sweepstakes in which third-party brands supply prizes in exchange for promotional exposure to the user base, while a dedicated Prize Fulfillment team handles delivery to winners.
Is PrizeGrab a public or private company?
PrizeGrab is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PrizeGrab founded?
PrizeGrab was founded in 2013. It employs 1 to 10 people.
Where is PrizeGrab based?
PrizeGrab is headquartered in San Francisco, United States, in the North America region.
How does PrizeGrab make money?
One revenue line is on record: sponsored Sweepstakes.
Who are PrizeGrab's main competitors?
Emerging players on record are Swagbucks, MyPoints and InboxDollars. Direct peers are Online-Sweepstakes.com, Sweepstakes.com, FreeStuff.com, Contestgirl and Publishers Clearing House. IZEA is listed as an others.
Does PrizeGrab have an API?
No public API is recorded for PrizeGrab.