About Nift
Nift is a company based in Cambridge (United States) founded in 2014. It operates as a Two-Sided Marketplace and Commission-Based. Nift has raised $19.5 million across 2 funding rounds from investors including Spark Capital, Accomplice and Foundry. Nift offers products and services including Nift Gift Cards and Partnership Solutions. Nift operates in a competitive market with competitors including Bonat, Merit Incentives, Transaction Wireless, eCard Systems and Enjovia, among others.
- Headquarter Cambridge, United States
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Sectors
Technology
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Phone
*********
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Website
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Social
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- Legal Name Nift Networks 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
$19.5 M (USD)
in 2 rounds
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Latest Funding Round
$16.5 M (USD), Series A
Mar 30, 2018
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Investors
Spark Capital
& 2 more
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Employee Count
Employee Count
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Products & Services of Nift
Nift offers a comprehensive portfolio of products and services, including Nift Gift Cards and Partnership Solutions.
Gift cards are provided to enhance customer experiences.
Solutions are offered to businesses for customer acquisition.
People of Nift
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Funding Insights of Nift
Nift has successfully raised a total of $19.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $16.5 million completed in March 2018. 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 2
- Last Round Series A — $16.5M
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First Round
First Round
(12 May 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Series A - Nift | Valuation | Spark Capital , Accomplice |
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| May, 2016 | Amount | Seed - Nift | Valuation |
investors |
Investors in Nift
Nift has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Spark Capital, Accomplice and Foundry.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Accomplice is engaged in venture capital investments for startups.
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Founded Year | Domain | Location | |
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Venture capital is invested in early-stage tech startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nift
Financial Statements - Nift
Nift Comparisons
Competitors of Nift
Nift 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 Bonat, Merit Incentives, Transaction Wireless, eCard Systems and Enjovia, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based loyalty software is offered for rewards and point collection.
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| domain | founded_year | HQ Location |
Merit Incentives is recognized as a global provider of engagement technology.
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| domain | founded_year | HQ Location |
Digital gift cards and marketing platform
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| domain | founded_year | HQ Location |
Card-based loyalty and gift programs are integrated with POS systems.
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| domain | founded_year | HQ Location |
Gift card management software is offered for business voucher sites.
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Latest news on Nift
Frequently Asked Questions about Nift
Nift was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Nift is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Nift is a funded company, having raised a total of $19.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on May 12, 2016.
Nift is engaged in creating positive customer experiences by enabling businesses to thank their customers with gift cards. These cards are used to discover and try new products and services across various sectors, including restaurants, e-commerce brands, and other services. Solutions are provided to drive traffic, acquire new customers, and monetize audiences for partnered businesses.
Nift's top competitors include Merit Incentives, Bonat and eCard Systems.
Nift offers Nift Gift Cards and Partnership Solutions.
Nift has 3 investors. Key investors include Spark Capital, Accomplice, and Foundry.