GiftCrowd

GiftCrowd

Closed: Feb. 2022

About this raise

GiftCrowd, with a valuation of $5.79 million, is raising funds on StartEngine. It is an online group gifting solution that offers users a hassle-free group gifting experience. The solution takes care of the complete group gifting process, including collecting money, sending reminders, maintaining the personal touch, and sending thank you notes. GiftCrowd already has a loyal customer base with many repeat customers. Eshed Doni founded GiftCrowd in March 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $965,000. The campaign proceeds will be used to become the go-to website for group gifting.

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Investment Overview

Invested this round: $11,356

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
08/24/2021
Close Date
02/21/2022
Min. Goal
$10,000
Max Goal
$965,000
Min. Investment

$100

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$5,794,381

Company & Team

Company

Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Tenafly, New Jersey
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Eshed Doni
Title
CEO

Financials

 Revenue +322% YoY
$1,448,784
 Monthly Burn
$16,883
 Runway
14.9 months
 Gross Margin
16%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,448,784

$343,076

COGS

$1,220,500

$307,500

Tax

$0

$0

 

 

Net Income

$-202,597

$-9,238

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$252,213

$50,552

Accounts Receivable

$0

$0

Total Assets

$253,149

$50,552

Short-Term Debt

$0

$0

Long-Term Debt

$14,000

$14,000

Total Liabilities

$14,000

$14,000

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/21/2022 StartEngine $5,794,381 $11,356 Equity - Common Funded RegCF
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Founder Interview

GiftCrowd Founder Eshed Doni Is Making Group Gifts Easy

Giving a gift as a group can be a touching way to show appreciation. However, organizing a group gift can also be surprisingly stressful. It can be hard to find the perfect present, and coordinating money and ideas with others can get complicated.

GiftCrowd’s platform smooths out the messiness of group gifts. Contributors simply compile money and sincere words online, and the gift recipient is able to turn the money into a gift card of their choosing. We reached out to company founder, CEO, and Director Eshed Doni to learn the inspiration that created GiftCrowd and why the team united behind its mission.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
GiftCrowd on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,794,381
Price per Share: $1.00

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Follow GiftCrowd on StartEngine 2021

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Warning: according to the close date for this deal, GiftCrowd may no longer be accepting investments.

GiftCrowd Deal Report

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