Giiv is a mobile gifting service that operates via text messages, an iPhone app, and a Facebook app. Its tagline is “texting with benefits.” The service makes sending gifts easy by letting people text a redemption code for a store credit to a friend instead of buying a physical gift card. Redeemed credits can be used in both physical and online stores, including Amazon, Barnes & Noble, Macy’s, and Fandango. The company recently raised $3.35 million in a Series A, providing additional capital to support its product and distribution. Investors in the round included Eric Schmidt (through TomorrowVentures), Saban Ventures, Founder Collective, and SK Telecom Ventures; Schmidt was already a seed investor.

Total raised

$3M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2010