Fondue CashBack, the Shopify app that replaces coupon codes with brand-embedded CashBack, has closed on a $10.5M seed round led by Quiet Capital and Hanaco Ventures.

Other investors in the round include Infinity Ventures, Ground Up Ventures, Sugar Capital, Starting Line, R-Squared Ventures, Gaingels, Verissimo Ventures, Samsung Next, and JAM Fund. A number of founders and executives joined the round as well from consumer brands and fintechs including Casper, TheRealReal, Thumbtack, Candid, Carraway, CatchCo, Loox, Perry Ellis, Melio, Ramp, Plaid, and Venmo.