Digital card and gifting platform Givingli nabs $10M • TechCrunch

Three years in the past, Ben and Nicole Inexperienced had been planning their wedding ceremony and determined to go digital with registries to avoid wasting on cash and supplies. However when it got here time to reward others, whereas they most well-liked going the digital route — as they did with their wedding ceremony — they discovered that digital gifting platforms on the internet didn’t meet their criterion.

“We observed there was no platform we’d truly need to use,” Nicole Inexperienced informed TechCrunch in an e-mail interview. “Together, I acknowledged there was a niche available in the market for a extra real and genuine means for individuals to attach and have fun each other within the digital age.”

So in 2019, Ben and Nicole co-founded Givingli, an internet gifting service that lets customers customise digital greetings and ship items to anybody. The corporate right now introduced that it raised $10 million in a Sequence A spherical led by Seven Seven Six, the VC agency based by Reddit co-founder Alexis Ohanian, with participation from Shopify co-founder and CEO Tobi Lütke. The proceeds convey the 13-person, Los Angeles–based mostly firm’s complete raised to $13 million.

“We’re doubling down on Givingli as a result of they’ve continued to not simply organically develop, however thrive — even throughout these unsure occasions — by productizing kindness & connection,” Ohanian informed TechCrunch by way of e-mail. “That is as a lot a social community as it’s a gifting platform and it’s been worthwhile for all sides: artists who design the items, manufacturers who’re companions, and finally the reward givers and receivers who preserve coming again and spreading the phrase.”

Certainly, Nicole sees Givingli as greater than your common digital reward market. The service gives messaging options, together with group chats with household and buddies, who can react with tokens of appreciation to e-cards and e-gifts. Customers get reminders for buddies’ and households’ birthdays. And for playing cards, which may be shared by way of e-mail, textual content or social media, prospects can select from designs contributed by unbiased artists and model companions resembling Starbucks, Nike and Goal — and add their very own images or movies along with writing textual content.

In 2020, Givingli launched a partnership with Snap that introduced its gifting service within Snapchat by way of an in-app integration. The corporate’s present focus is a desktop app, launching quickly in early entry, which Nicole says will “convey much more options for energy gifters.” (Givingli was beforehand iOS solely.)

“Persons are searching for extra accessible and sensible choices to remain related and have fun a particular relationship of their lives. They’re seeking to share love and phrases of compassion from a distance,” Nicole mentioned. “Givingli is targeted on the center and sentiment of gifting, whereas sparing our prospects from shedding time on journey, waste and stress.”

Will platforms like Givingli ever substitute bodily gifting? That appears unlikely (see American Greetings). However there are indicators that the demand for digital gifting options is rising. A June 2022 survey from Incisiv — sponsored by digital gifting vendor GiftNow, granted — discovered that 67% of customers want immediate digital items. Allied Market Analysis estimates that the marketplace for digital reward playing cards alone was value $258.34 billion in 2020.

Givingli makes cash by charging customers a month-to-month subscription price for entry to the platform, plus further charges for premium playing cards. Nicole wouldn’t touch upon income however mentioned that “tens of millions” of individuals have used the service thus far.

“The pandemic has sped issues up and we’ve been transferring quick to maintain up,” Nicole mentioned. “We’re going to make use of this newest funding spherical to create extra of that worth for all members of our neighborhood — from loyal and day by day customers to our trusted model and constant companions, with fascinating playing cards and items on the platform.”