About Gyft
Gyft is a company based in San Francisco (United States) founded in 2012 was acquired by First Data in July 2014.. Gyft has raised $11.9 million across 3 funding rounds from investors including Fiserv, Social Capital and Karlin Ventures. Gyft offers products and services including Gyft App and Corporate Gift Cards. Gyft operates in a competitive market with competitors including Bitrefill, eGifter, GiftYa, Karma and Gratafy, among others.
- Headquarter San Francisco, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Gyft, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.9 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series A
Sep 25, 2013
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Investors
Fiserv
& 8 more
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Employee Count
Employee Count
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Acquired by
First Data
(Jul 30, 2014)
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Products & Services of Gyft
Gyft offers a comprehensive portfolio of products and services, including Gyft App and Corporate Gift Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for buying, sending, and managing digital gift cards
Service for bulk procurement and distribution of gift cards
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Software Development Team
284 people
Leadership Team
83 people
Sales and Marketing
81 people
Finance and Accounting
38 people
Human Resources and Administration
30 people
Product Management Team
25 people
Operations Team
23 people
Data Analysis and Operations Team
14 people
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Funding Insights of Gyft
Gyft has successfully raised a total of $11.9M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in September 2013. 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 Total Funding
- Total Rounds 3
- Last Round Series A — $5.0M
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First Round
First Round
(10 Sep 2012)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2013 | Amount | Series A - Gyft | Valuation |
investors |
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| Sep, 2013 | Amount | Series A - Gyft | Valuation |
investors |
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| Sep, 2012 | Amount | Seed - Gyft | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gyft
Gyft has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Fiserv, Social Capital and Karlin Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital funding is provided by Karlin Ventures.
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Founded Year | Domain | Location | |
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Stage-agnostic investments in US tech sectors are pursued.
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Founded Year | Domain | Location | |
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US focused VC firm investing in seed & growth stage companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gyft
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Gyft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gyft Comparisons
Competitors of Gyft
Gyft 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 Bitrefill, eGifter, GiftYa, Karma and Gratafy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Gift cards are retailed online via cryptocurrency payments.
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| domain | founded_year | HQ Location |
Social e-gifting platform
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| domain | founded_year | HQ Location |
Digital gift cards are sent via an app-based online platform.
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| domain | founded_year | HQ Location |
Social analysis enables mobile gifting to friends based on profiles.
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| domain | founded_year | HQ Location |
Digital food and drink gift voucher gifting platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gyft
Frequently Asked Questions about Gyft
When was Gyft founded?
Gyft was founded in 2012.
Where is Gyft located?
Gyft is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Gyft a funded company?
Gyft is a funded company, having raised a total of $11.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.25M, raised on Sep 10, 2012.
What does Gyft do?
Gyft was founded in 2012 and is headquartered in San Francisco, United States, where a web and mobile marketplace for gift cards is operated within the e-commerce sector. Acquisition by First Data Corporation took place in 2015, establishing it as a wholly owned subsidiary. Applications are provided on Android and iOS platforms, with partnerships maintained alongside over 200 retailers. A B2B API program is also supported for third-party corporate integrations.
What products or services does Gyft offer?
Gyft offers Gyft App and Corporate Gift Cards.
Who are Gyft's investors?
Gyft has 9 investors. Key investors include Fiserv, Social Capital, Karlin Ventures, A-Grade Investments, and Haas Portman.
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