About Giftbit
Giftbit is a company based in Victoria (Canada) founded in 2011. Giftbit has raised $3.25 million across 4 funding rounds from investors including Techstars, Freestyle VC and Third Kind Venture Capital. Giftbit offers products and services including Gift Card API and Reward Catalog. Giftbit operates in a competitive market with competitors including Tango Card, InComm, Blackhawk Network, Ackroo and Xoxoday, among others.
- Headquarter Victoria, Canada
- SectorsRetailTechnology
- Website category Business and Consumer Services · Business Services
- Website giftbit.com
- Social LinkedIn X Facebook
- Total Equity Funding$3.25M (USD)
in 4 rounds
- Latest Funding Round$2.1M (USD), Seed
Feb 2016
- InvestorsTechstars
& 5 more
Products & Services of Giftbit
Giftbit offers a comprehensive portfolio of products and services, including Gift Card API and Reward Catalog.
Enables customized management of gift cards and rewards for businesses.
Offers global selection of reward options for audience engagement.
Funding Insights of Giftbit
Giftbit has successfully raised a total of $3.25M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.1 million completed in February 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.25M
- Total Rounds 4
- Last Round Seed — $2.1M
- First Round $250,000
(Nov 2013)
- Investors Count 6
All 4 funding rounds of Giftbit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2016 | $2.1M | Seed | – | Freestyle | |
| May 2014 | $895,000 | Seed | – | – | – |
| Dec 2013 | – | Angel Round | – | – | |
| Nov 2013 | $250,000 | Seed | – | – | – |
6 investors in total: 6 institutional.
Investors in Giftbit
Giftbit has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Techstars, Freestyle VC and Third Kind Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Freestyle VC is engaged in seed funding for tech startups. | – | freestyle.vc | Larkspur, United States | |
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Early-stage investments in finance and financial services are targeted. | – | 3kvc.com | New York, United States | |
Investments are made in early-stage tech companies by Acequia Capital. | – | acecap.com | Seattle, United States | |
Seed and early-stage tech investments are made in the US. | – | founderscoop.com | Seattle, United States | |
A venture capital firm based in Vancouver, Canada, was operated. | 2013 | fullstack.ca | Vancouver, Canada |
Investor details for Giftbit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Giftbit
5 people are tracked at Giftbit (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Nat Salvione | Chief Commercial Officer | Leadership |
Bryan Dwyer | Chief Product Officer | Leadership |
Leif Baradoy | CEO | Leadership |
Zoe North | Head Of Marketing | Leadership |
Andrew Flaro | CX And Self-service Support Manager | Team |
Complete people profiles for Giftbit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Giftbit
3 dated milestones of Giftbit across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Giftbit is founded.
- Funding First funding round of $250K.
- Funding Latest funding round, Seed, of $2.1M.
Competitors of Giftbit
Giftbit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tango Card, InComm, Blackhawk Network, Ackroo and Xoxoday, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tangocard.com | 2009 | Seattle, United States | $57.01M | 267 | Digital gift cards are provided for enterprise incentive programs. | |
| incomm.com | 1992 | Atlanta, United States | – | – | Prepaid products and payment services are provided globally. | |
| blackhawknetwork.com | 2001 | Pleasanton, United States | $249,272 | 1,558 | Prepaid cards for employee financial benefits are provided. | |
| ackroo.com | 2012 | Ottawa, Canada | – | – | SaaS-based gift card and loyalty programs are provided for businesses. | |
| xoxoday.com | 2012 | Bengaluru, India | $30.61M | 269 | AI-powered loyalty, rewards, and employee engagement solutions are provided. | |
| qwikcilver.com | 2008 | Bengaluru, India | $25.11M | 3,254 | Gift card and store value solutions are provided to businesses. | |
| cashstar.com | 2007 | Portland, United States | $41M | 159 | Digital gifting and incentives are facilitated by CashStar for retailers. | |
| tillo.io | 2015 | Austin, United States | $1.12M | 86 | Employee rewarding platform | |
| instagift.com | 2001 | Birmingham, United States | $120,000 | – | Digital gift cards are supplied to businesses through white-label software. |
Detailed competitors of Giftbit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Giftbit
The website of Giftbit (giftbit.com) receives about 153.9K visits a month and ranks #188,629 among all websites worldwide, #5,157 in Business Services.
- Monthly visits153.9K
▼ 23.3% vs previous month
- Unique visitors101K
per month
- Global rank#188,629
among all websites
- Category rank#5,157
Business and Consumer Services · Business Services
- Bounce rate39%
- Pages per visit3.3
- Average visit3 min 29 sec
- DevicesDesktop 21% · Mobile 79%
Websites whose visitors overlap most with Giftbit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| workhuman.com | 100% | 814.9K | #35,508 | View details | |
| tremendous.com | 99% | 15.5M | #3,936 | View details | |
| bhnrewards.com | 90% | 680.7K | #976,636 | View details | |
| tangocard.com | 60% | 497.9K | #89,389 | View details | |
| mixedanalytics.com | 54% | – | #585,129 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Giftbit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Giftbit
Complete news archive for Giftbit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Giftbit
10 companies that operate in the same segment as Giftbit (Stationery, Gifting & Handicrafts E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Personalized video messages from celebrities are booked online. | 2017 | Chicago, Illinois, United States | USD 193.71 M | – | 301 | |
Smart notebooks are offered for digital sketching and note-taking. | 2013 | Oslo, Oslo, Norway | USD 15 M | – | – | |
Reward-based crowdfunding is enabled via no-inventory t-shirt sales. | 2000 | Fairfax, Virginia, United States | USD 41.75 M | USD 191.13 K | 1,596 | |
Flowers are delivered via an online subscription platform. | 2013 | London, England, United Kingdom | USD 171.47 M | – | – | |
Multi-category gifts are curated online for special occasions. | 2006 | Richmond, United Kingdom | USD 57.58 M | – | 192 | |
Multi-category gifting products are provided through an online platform. | 2015 | Mumbai, Maharashtra, India | USD 4.35 M | USD 916.16 K | – | |
Online wedding registry and gifts marketplace is operated. | 2013 | New York, New York, United States | USD 141.1 M | – | 101 | |
Digital gift cards are provided for enterprise incentive programs. | 2009 | Seattle, Washington, United States | USD 57.01 M | – | 267 | |
No detailed company activity is described on the site. | 2011 | Chicago, Illinois, United States | USD 198.67 M | – | 74 | |
AI-powered loyalty, rewards, and employee engagement solutions are provided. | 2012 | Bengaluru, Karnataka, India | USD 100.61 M | USD 98.95 M | 327 |
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Frequently Asked Questions about Giftbit
Giftbit was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Giftbit is headquartered in Victoria, Canada. It is registered at Victoria, British Columbia, Canada.
Giftbit is a funded company, having raised a total of $3.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Nov 2013.
Giftbit was founded in 2011 in Victoria, Canada, and operates in the fintech sector focused on gift card management. Services enable businesses to sell and redeem digital gift cards, with revenue collected directly by merchants without handling liability or breakage. Transaction charges and credit card fees are avoided. For unused funds, 50 is returned to the original buyer, supporting streamlined operations in e-commerce and rewards programs.
Giftbit's top competitors include Tango Card, Xoxoday and QwikCilver.
Giftbit offers Gift Card API and Reward Catalog.
Giftbit has 6 investors. Key investors include Techstars, Freestyle VC, Third Kind Venture Capital, Acequia Capital, and Founders' Co-op.
The website of Giftbit receives about 154 thousand visits a month and ranks #188,629 among all websites worldwide.