GiftCrowd
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.
Investment Overview
Invested : $11,356
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 08/24/2021
- Close Date
- 02/21/2022
$10,000
$965,000
$100
Equity - Common
Growth Stage
RegCF
$1.00
$5,794,381
Company & Team
Company
- Year Founded
- 2015
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +322% YoY
- $1,448,784
- Monthly Burn
- $16,883
-
Runway
- 14.9 months
- Gross Margin
- 16%
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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 |
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.