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Empyr Launches Major Expansion

San Diego tech startup Empyr has launched a major expansion that includes doubling the company’s office space and its staff.

That’s according to the company’s CEO Jon Carder, who said Empyr’s team recently moved into a new 12,000 square-foot space in Torrey Pines. The space is twice as large as the company’s first headquarters, and it’s going to house a growing staff. Empyr, founded in 2011, currently employs 50 people in San Diego, but Carder said he plans to hire an additional 50 over the next year. The company plans to hire a chief operations officer to help the startup scale, as well as adding jobs in programming, business development, and operations.

Empyr, a hybrid between a fintech and an adtech company, makes a debit and credit card technology that offers users cash back discounts on purchases made in brick-and-mortar stores. Empyr made headlines last December when it partnered with tech giant Yelp, allowing businesses listed on Yelp to run campaigns for in-store discounts.

Carder said Empyr is growing at a rapid clip.

“With companies like Yelp, Uber, and Groupon all getting into this space, we are well positioned for explosive growth in 2018,” he said in an email.

Carder added that he’s passionate about bringing more investor attention to San Diego’s tech scene, and hopes the company’s growth will bring more venture capital to local startups.

“The San Diego startup ecosystem needs a couple big wins right now to spur growth, and we’re working hard to make that happen,” Carder said.

Empyr’s predecessor company, Mogl, has raised more than $45 million since its launch in 2010. Carder said Empyr will be raising a $20 million to $40 million Series C round in the first quarter of 2018.

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