Overview

Raised to Date: Raised: $11,356

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/23/2021

Close Date

02/21/2022

Min. Goal

$10,000

Max. Goal

$965,000

Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    

Price Per Share

$1.00

Pre-Money Valuation

$5,794,381

Rolling Commitments ($USD)

Status

Funded

Reporting Date

02/27/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$63

# of Investors

26

Momentum

Funded

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GiftCrowd

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

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: 08/23/2021

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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