Giftapart's current valuation at $30.5 million

by GIFTAPARTAUGUST 29, 2018

Giftapart is revolutionizing gifting.

PRESS RELEASE -- FOR IMMEDIATE RELEASE

Second seed round by Giftapart raises $500,000 at $30 million pre-valuation

SOMERVILLE, NJ, August 29, 2018 — Giftapart Inc. creating a revolutionary new way for retailers to get, connect, and sell to a growing Gen Z and millennial shoppers announced that it has raised $500,000 additional seed funds at a $30 million USD pre-money valuation.

“Giftapart has created an awesome software package for desktop, tablet and mobile that will be so much fun to use,” said Filipe Pedroso, Esq., the company’s founder and CEO, “It’s packed with features to make shopping and gifting fun and effective, and our connectivity tools allow retailers to truly engage a younger demographic in the way they like best.”

Liana V. Pedroso, Director of Corporate Communications, stated, “Giftapart was able to raise this second seed round from an investor from the initial round. This just goes to show how our investors believe in the project and its ultimate success.”

The funds for this second seed round were provided exclusively from Jerry D’Ascoli, a participating investor in the initial round. “Giftapart is making something groundbreaking,” said D’Ascoli, “Data from the retail world confirms that retailers are struggling to connect to these younger shoppers, the Generation Z and younger millennial group. Giftapart has created what I believe is by far the best way for retailers to get an entry into that demographic, but also build real meaningful relationships and brand loyalty for years to come.”

Other investors in Giftapart were ready and willing to contribute additional funds if necessary. “Our Board and investors are committed to the longterm success of Giftapart,” said Pedroso.

Board member and seed investor Jeff Foose stated: “It is very encouraging to see existing shareholders add to their holdings. Giftapart has an excellent and diverse shareholder roster and I am proud to see Giftapart growing and hitting their respective benchmarks. 2019 will be an exciting year with Giftapart set to revolutionize e-commerce.”

Pedroso added, “We built an excellent platform under-budget, and now with these additional funds, Giftapart is positioned to continue investing in the current phase, expanding our brand partnerships in North America and Europe.”

Giftapart will soon be exploring for a venture capital firm that will provide a strategic partnership to the company. “Right now, we have more people wanting to invest money in Giftapart than we can accept,” said Pedroso, “In our next phase coming up fairly soon, Giftapart will be seeking strategic partnerships with institutions or venture capital firms that provide not only the money we need for a very aggressive launch and growth strategy, but also value to our business plan.”

Retailers interested in finding out more about partnership opportunities can contact Giftapart at biz@giftapart.com. Inquires are accepted from established retailers.

Institutional investors wishing to learn more about investing, can contact Giftapart at hello@giftapart.com.

Text and pictures available at: https://info.giftapart.com/news/news20180829.html.

About Giftapart

Giftapart Inc. is developing an innovative and revolutionary new way for e-commerce. The company was established in 2017 and is headquartered in Somerville, New Jersey. The company’s software systems and methods have resulted in the filing of numerous provisional patents. Giftapart is led by award-winning attorney and 3-time elected Councilman Filipe Pedroso, Esq., Founder, CEO and Board Member, as well as its other Board members: Liana Pedroso (a public relations and corporate communications expert with international experience and Master’s Degrees in the field from both Bashkir and New York University); Jeffrey Vanderbeek (prior owner and Chairman of the NJ Devils NHL franchise and The Prudential Center; and former Managing Partner responsible for Capital Markets at Lehman Bros.); Jeffrey Foose (Managing Partner of AERIS Capital, with extensive experience in tech startups, commodity investments, management, software development and accounting); and Henrique Pedroso (a serial entrepreneur and law school graduate, grew and led his businesses with hundreds of employees from the ground-up into successful ventures).

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Company webpage: https://giftapart.com

Company social media platforms: Facebook, Instagram, Twitter & LinkedIn.

For additional information contact:

Liana V. Pedroso, Chief Administrative Officer, Dir., Corp. Communications & Public Relations, Giftapart Inc., 892 US 22, 2nd Floor, Somerville, NJ 08876

(551) 202-8008 Extension 4077

lvp@giftapart.com