Next Jump operates employee discount and reward programs for roughly 90,000 corporations, organizations and affinity groups and reaches more than 100 million consumers. The platform connects about 28,000 retailers and manufacturers with targeted employees and consumers, and it powers programs for clients including AARP, NEA, Dell, Hilton, Mastercard and Yahoo Daily Deals; it also serves about 60% of the Fortune 500. Revenue comes from corporations on a per‑employee basis and from merchants via transaction and advertising fees. The business is highly data driven, leveraging a consumer demographic database, a transactional database, and a consumer preference database to build OfferRank and UserRank algorithms that drive conversion. Next Jump reports offer conversion rates near 11:1 (up from ~100:1 a year earlier) and aims to improve matching to reach 3:1. The company has about 225 employees (150 engineers), hired 50 engineers last year and plans to hire another 100; its headquarters occupy two floors of a downtown Manhattan office building.

Total raised

$45M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2010