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§ Private Profile · San Francisco, CA, USA
Social commerce platform enabling collaborative gifting, where groups pool money online for substantial gifts for personal events like birthdays.
Giftiki was a San Francisco, California-based social commerce platform that enabled users to pool money collaboratively to purchase larger gifts for personal events such as birthdays, holidays, weddings, and graduations. Originally started in Cincinnati, Ohio, the startup operated with a four-member team and focused on resolving consumer gifting inefficiencies by allowing multiple individuals to contribute small financial amounts toward substantial retail items. In April 2011, the company secured $1 million in Series A venture funding from a syndicate of prominent investors, including Tim Draper, Crosslink Capital, GoldHill Capital, and Transmedia Capital. Following its initial growth phase in the social commerce sector, the platform was acquired by LaunchRock in an August 2012 acqui-hire transaction, which subsequently resulted in the permanent shutdown of the original consumer service. Giftiki was founded in 2010 by Bryan Jowers and Justin Stanislaw.
Giftiki has raised $1.0M across 1 funding round.
Giftiki has raised $1.0M in total across 1 funding round.
Giftiki has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Series A in April 2011.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 27, 2011 | $1M Series A | TIM Draper | Crosslink Capital, Gold Hill Capital, Transmedia Capital | Announced |
Giftiki has raised $1.0M in total across 1 funding round.
Giftiki's investors include Tim Draper, Crosslink Capital, Gold Hill Capital, Transmedia Capital.