Newton-based Jackpot Rewards Raises $14.1M

Newton, Mass. –
Jackpot Rewards, a startup, Newton-based operator of online sweepstakes, has raised $14.1 million in venture debt, according to a new filing by the company with the Securities and Exchange Commission. Jackpot Rewards combines weekly sweepstake drawings, cash rewards for online purchases, and charitable giving services into a single portal. For a weekly fee of $3, users receive quarterly checks of up to 12% of their purchases at over 500 online retailers. They also get to pick lotto numbers that are entered into regular drawings for a progressive jackpot worth $100 million to $150 million.

http://www.jackpotrewards.com/

Note:  There is no career section to their site, but they have a LinkedIn profile and $14.1M can change that.