Giftiki Raises $1M From Tim Draper, Others, To Help You Get Better Gifts

Like a Charity Water plus Kickstarter for everything, collaborative gifting startup Giftiki has raised just under one million in Series A financing today, led by investor Tim Draper and including VC firms Crosslink Capital, GoldHill Capital and Transmedia Capital. Elaborating on payment platforms like Venmo and Wepay, Giftiki lets users send small amounts of money as gifts, allowing recipients join a pool in order to gift their friends the more substantial things that they actually want, like the perfect Lanvin ballet slippers or a Frieda and Nellie bracelet, instead of individually buying less expensive (and less treasured) items from Forever 21, for example. I think this is an amazing idea.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/CLkkJAHqDfs/

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