GiftCrowd

Growth Stage
The most convenient way to group gift
Overview
Raised: $11,356
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2022
Days Remaining
Funded
% of Min. Goal
114%
% of Max. Goal
1%
Likelihood of Max
Funded
Avg. Daily Raise
$63
# of Investors
26
Momentum
Funded
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Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 08/24/2021
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Founder Profile
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.
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