Techcrunch: Bitcoin Gyft acquired by First Data, between $50 to 100 million
Quite a coup both way rounds
I suppose this would make another successful bitcoin startup exit (relatively).
Strangely, bitcoin is starkly absent from the article.
Gyft currently also gives about 3% points off purchases with bitcoin.
The company first launched its service in 2012, with its then iOS-only mobile gift card “wallet,” which has since expanded cross-platform to Android and the web, while growing its service to include cards from over 200 retailers.
The San Francisco-based, 18-person company had raised $7.5 million in funding prior to the acquisition, whose terms were not disclosed, from a number of investors including Google Ventures, Canyon Creek Capital, The Social+Capital Partnership, Karlin Ventures, David Sacks, Hass Portman, and others.