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Giftagram Raises US$2.2 Million in Venture Funding

Toronto, ON and Santa Monica, CA — Toronto-based mobile shopping app Giftagram Inc., announced today its latest round of venture funding from FIS Holdings Ltd.

FIS Holdings, founded by Glenn Murphy, is an operationally engaged investment firm in the consumer sector.

Giftagram makes it easy to be thoughtful by allowing users to send a gift in one click via text or email with no recipient address required.

Glenn Murphy former Chairman and CEO of Gap Inc. and Shoppers Drug Mart lead the investment round. He and his team will provide Giftagram with ongoing strategic direction.

“We are excited to be working closely with Glenn Murphy and his team to build Giftagram into a household name,” said Jason Reid, CEO of Giftagram. “Glenn is one of the top consumer executives in the world and we are ecstatic to have his firm as a significant shareholder and advisor to the company.”

“We’ve been looking to get engaged in a digital native brand,” said Glenn Murphy. “From the moment we met I’ve been impressive with the potential of Giftagram and its unique ability to become a leading solution for gift senders, receivers and brands.”

Giftagram will be using its latest round of funds towards user acquisition and ongoing product development.

Download the app which is available in Canada and the US on iOS or Android, or visit www.giftagram.com for more information.

 

About Giftagram:

Giftagram brings back the timeless and thoughtful act of giving with ease.  A mobile-first curated gifting platform, Giftagram partners with premium local retailers and international brands to curate an exclusive selection of products and unforgettable experiences.

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