Giftbit
Latest round
- Seed
Last raised
- Feb 2016
Total raised
- $2.1M
Investors
- 7
About Giftbit
Giftbit, Corp.Giftbit, Corp. specializes in digital rewards solutions that streamline client engagement by offering businesses an API for gift and prepaid cards. Founded in 2011, the company is headquartered in Seattle, US.Giftbit specializes in providing digital rewards solutions designed to enhance client engagement through streamlined processes. Their core offerings include a gift card and prepaid card API that allows businesses to send rewards efficiently and customize their rewards strategy. The platform supports a global catalog of renowned brands, enabling companies to offer recipients a choice of rewards, which can be tailored to specific audiences. Giftbit’s services cater primarily to B2B clients across various industries, including customer loyalty programs, employee rewards, sales growth initiatives, and marketing incentives.Giftbit operates on a business model that emphasizes partnerships and integrations with clients seeking to implement reward distribution systems. The company generates revenue through transaction fees associated with the issuance and redemption of digital gift cards and prepaid cards. Clients can customize their reward offerings based on tailored pricing plans suited to their operational needs, often utilizing bulk purchase options that enhance cost efficiency. As a no-cost reward delivery partner, Giftbit positions itself to attract businesses looking to enhance engagement without incurring subscription charges or exclusivity contracts. The company is currently developing additional features for its digital rewards platform, aiming for a release in 2023. Furthermore, Giftbit intends to target new markets in Europe and Asia by the end of 2024, focusing on increasing its client base in these regions.
Who invested in Giftbit
7 investors across 1 round
See all investors in Giftbit
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Seed
Feb 26, 2016
Amount
$2.1M
Investors
Questions about Giftbit
Who invested in Giftbit?
Giftbit has 7 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Giftbit raised?
Giftbit has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Giftbit last raise money?
Giftbit's most recent round on record is a Seed, in Feb 2016.
What does Giftbit do?
Giftbit is a software company.
Where is Giftbit headquartered?
Giftbit is headquartered in Seattle, US.
Which VCs invest in companies like Giftbit?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Giftbit's stage. Their profiles are linked below.
VCs backing software startups at Seed
Raising like Giftbit? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.