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Wes Schroll
CEO & Founder at Fetch
Wes Schroll, a serial entrepreneur, embarked on his entrepreneurial journey at the young age of 14, kickstarting two small start-up ventures before founding Fetch, a mobile shopping platform, during his sophomore year at the University of Wisconsin-Madison.
Utilizing a business plan developed during his university years, Wes secured significant funding through various competitions, amassing over $180,000 in cash, office space, and other prizes to realize his vision.
In 2013, he took a bold step by dropping out of school to dedicate his efforts to building Fetch, which has since flourished and expanded to employ more than 750 individuals.
Under Wes's leadership, Fetch has experienced remarkable growth, culminating in a Series E financing round in March 2022 that raised $240 million, spearheaded by Hamilton Lane, leading to a valuation exceeding $2.5 billion and earning the company the title of a 'Unicorn'.
As the CEO of Fetch, Wes plays an instrumental role in shaping high-level strategies and nurturing crucial business relationships. He remains attuned to end-users' needs to enhance the product's value, collaborating with key partners in the consumer packaged goods, retail, and casual-fast restaurant sectors to drive a compelling return on investment.
Fetch, the brainchild of Wes Schroll, functions as a mobile shopping platform designed to incentivize and engage everyday shoppers in purchasing their preferred brands. The Fetch app simplifies the saving process by allowing users to accumulate points through receipt scanning, which can be redeemed for a myriad of valuable rewards. For brand partners, the platform offers a comprehensive insight into consumer shopping behaviors, empowering them to recognize and reward individual customer loyalty effectively.
Highlights
I am so proud of the team at Fetch
Last year we buckled down and sprinted to get to profitability. Accomplished that in December 2023 and now we get to reinvest turning back on the most powerful growth engine: our own users. 6 million five-star reviews, means there are a lot of people on the US who love talking about the app…proof is in the charts. Coming for the top spots again in 2024 🚀
The Fetch team and I are heading to Nice next week for the Cannes Lions International Festival of Creativity. Let me know if you’ll be there and want to meet up to think BIG about a partnership!
