Swagbucks, a website that lets users earn rewards that they can cash in for gift cards by performing tasks such as watching videos and taking surveys, has received a $60 million investment from Technology Crossover Ventures. The company is also announcing that TCV’s Chuck Davis, a former Fandango chief executive, will take over as Swagbucks’ CEO. Swagbucks turned a profit in 2013 on $53 million in revenue, the company said.
This article originally appeared on Recode.net.
