What is Gyft?
Gyft Inc., established in 2012 and headquartered in Sunnyvale, California, operates as a comprehensive digital gift card platform. It empowers users to conveniently purchase, send, and manage gift cards from a diverse array of retailers. The company's focus on streamlining the gift card experience positions it as a key player in the evolving landscape of digital commerce and consumer engagement.
How much funding has Gyft raised?
Gyft has raised a total of $6.9M across 2 funding rounds:
Angel/Seed
$1.3M
Series A
$5.7M
Angel/Seed (2012): $1.3M with participation from 500 Startup, Founder Collective, and Google Ventures
Series A (2013): $5.7M led by The Social+Capital Partnership and Karlin Ventures
Key Investors in Gyft
The Social+Capital Partnership
Social Capital is an investment firm that focuses on making significant investments in transformative ideas, innovative technologies, and talented individuals, aiming to create a positive impact through its investment strategies.
Karlin Ventures
Karlin Ventures is a high-tech, high-touch real estate company that specializes in creating innovative spaces for leading-edge brands in sectors such as life science, R&D, engineering, and technology.
500 Startup
Founded in 2010, 500 Startups is a venture capital firm that invests in companies across the globe, headquartered in Mountain View and San Francisco, California.
What's next for Gyft?
With the recent injection of major strategic capital, Gyft is poised for accelerated growth and enhanced service offerings. The company is likely to leverage this investment to expand its retail partnerships, further develop its platform's capabilities, and potentially explore new market segments. This strategic financing signals a strong confidence in Gyft's business model and its potential to capture a larger share of the digital gift card market, driving innovation in how consumers give and receive digital gifts.
See full Gyft company page
