Gyft, a First Data company, is a digital gift card platform that was founded in 2012. The platform allows users to manage their gift cards, including uploading, sending, and redeeming them from their phones. One of Gyft's notable features is its seamless integration with Facebook, making the process of sending gift cards convenient and enjoyable.
For retailers, Gyft represents a meaningful new revenue channel and can significantly contribute to driving redemption. Gyft's solution offers merchants the opportunity to enhance customer acquisition, increase shopper interaction, and foster social engagement.
The latest investment in Gyft was a $5.00M Series A investment that took place on 25 September 2013. The round was backed by a consortium of investors, including Social Capital, Canyon Creek Capital, Karlin Ventures, Haystack, Kombo Ventures, and Haas Portman, as well as David O. Sacks.
Overall, Gyft offers an innovative solution within the financial services, internet, and mobile industries, with a strong investor backing and a clear value proposition for both users and retailers.| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series A | $5.00M | 7 |
|
25 Sep 2013 |
| Seed Round | Unknown | 1 |
|
17 Apr 2013 |
| Seed Round | Unknown | 1 | Citizen VC | 04 Dec 2012 |
| Seed Round | $1.25M | 1 |
|
10 Sep 2012 |
No recent news or press coverage available for Gyft, a First Data company.
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