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§ Private Profile · Sunnyvale, CA, USA 94085
Digital platform to buy, send, manage, and redeem gift cards for consumers, focused on the retail gift card market.
Gyft operates a digital platform for buying, sending, managing, and redeeming gift cards via mobile apps and web, based in San Francisco, California. The company raised $7.5 million in total funding, including a $1.25 million seed round and a $5 million Series A, and by 2014 had processed over $10 million in value from 200,000 uploaded gift cards with 18 employees. Notable investors included Google Ventures, Karlin Ventures, A-Grade Investments, Chamath Palihapitiya’s Social + Capital Partnership, David Sacks, Founder Collective, and 500 Startups. In July 2014, gyft was acquired by First Data for over $50 million, with reports suggesting the deal was valued between $54 million and $100 million. Gyft was founded in early 2012 by Vinny Lingham and CJ MacDonald.
gyft has raised $7.3M across 3 funding rounds.
gyft has raised $7.3M in total across 3 funding rounds.
Gyft is a digital gift‑card platform that lets consumers buy, send, store and redeem retailer gift cards via mobile and web apps; it was founded in 2012 and later merged into/was acquired by larger payments firms (listed as a First Data / Transaction Wireless-related company). [1][2][3]
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
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gyft has raised $7.3M in total across 3 funding rounds.
gyft's investors include Karlin Ventures, Alsop Louie Partners, Bonfire Ventures, Craft Ventures, Fika Ventures, Freestyle Capital, LAUNCH, Prefix Capital, Doug Barry, Scott Tannen, David O. Sacks, Grant Haas.
gyft has raised $7.3M across 3 funding rounds. Most recently, it raised $5.0M Series A in September 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2013 | $5M Series A | Karlin Ventures | Alsop Louie Partners, Bonfire Ventures, Craft Ventures, Fika Ventures, Freestyle Capital, LAUNCH, Prefix Capital, Doug Barry, Scott Tannen, David O. Sacks, Grant Haas, Ashton Kutcher, Chamath Palihapitiya | Announced |
| Sep 10, 2012 | $1.3M Venture Round | — | 500 Startups, Founder Collective, JOE Kraus, Romulus Capital | Announced |
| Sep 1, 2012 | $1M Seed | — | Addition, AngelPad, Atomic, Craft Ventures, Euclid Ventures, Founders Fund, Grand Ventures, GV, Long Journey Ventures, Maveron, Oyster Ventures, Science, Spark Capital, The HIT Forge, Thirty Five Ventures, Uncork Capital, Alan Braverman, Jawed Karim, Phil Quist, Rashaun Williams, Scott Banister | Announced |