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§ Private Profile · Carlsbad, CA, USA
Mobile gifting platform for consumers to purchase, send, and exchange digital gift cards for full value at over 130 retailers.
Based in Carlsbad, California, Bitmo develops and operates a mobile gifting platform that enables consumers to purchase, send, and exchange digital gift cards directly from their smartphones. The application allows users to swap their received gift balances for full value across a network of more than 130 major retail partners, including recognizable brands such as Nike, Nordstrom, and Panera Bread. Before reaching a projected one million active users by the end of 2019, the platform had already processed over 100,000 gift redemptions while experiencing a 28 percent month-over-month growth rate. The technology enterprise is currently supported by a team of 19 employees as of early 2025 and has secured $4.28 million in total funding, which includes a $3 million seed round completed in March 2019. Bitmo was founded in 2016 by chief executive officer J. Michael Smallwood.
Bitmo has raised $3.0M across 1 funding round.
Bitmo has raised $3.0M in total across 1 funding round.
Bitmo has raised $3.0M in total across 1 funding round.
Bitmo's investors include Jeff Haux, Everplus Capital, Longboard Capital Advisors.
Bitmo has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in March 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 21, 2019 | $3M Seed | — | Jeff Haux, Everplus Capital, Longboard Capital Advisors | Announced |