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
*********
- 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. 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.
Gift cards are provided to enhance customer experiences.
Solutions are offered to businesses for customer acquisition.
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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 |
| 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 Nift
Nift has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Spark Capital, Accomplice and Foundry. 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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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 |
| 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 Nift
| 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 - Nift
| 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 |
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. 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 |
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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| 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 Nift
Frequently Asked Questions about Nift
When was Nift founded?
Nift was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Nift located?
Nift is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is Nift a funded company?
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.
What does Nift do?
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.
Who are the top competitors of Nift?
Nift's top competitors include Merit Incentives, Bonat and eCard Systems.
What products or services does Nift offer?
Nift offers Nift Gift Cards and Partnership Solutions.
Who are Nift's investors?
Nift has 3 investors. Key investors include Spark Capital, Accomplice, and Foundry.
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