Giftapart exploring a Series A capital raise

by GIFTAPARTOCTOBER 16, 2019

Giftapart founder and CEO Filipe Pedroso will meet with investors in the San Francisco Bay Area.

PRESS RELEASE -- FOR IMMEDIATE RELEASE

The company that created a system so that gift receivers can get what they really want in the order they select, irrespective of cost, and innovated social ecommerce, is now exploring the option of a Series A venture capital round to propel its growth.

SOMERVILLE, NJ, October 16, 2019 — Giftapart, the company that has reinvented, simplified and perfected gifting, and created the first social ecommerce supermall, is now exploring a Series A venture capital investment round.

Filipe Pedroso, the founder and CEO, will be traveling to San Francisco Bay Area to meet with potential investors the week of October 20. “Giftapart had been receiving a few solicitations from investors over the past couple months, and once we had enough meetings to justify my trip, I booked a trip out to the Valley,” said Pedroso, “I’ll be spending the week meeting with a few investors throughout the Bay Area.”

San Francisco Bay Area investors looking for information and would like to schedule an introduction meeting can go to https://invest.giftapart.com.

Board member Jerry D’Ascoli, who invested in both Seed I and Seed II rounds, stated, ”Giftapart is like ecommerce on steroids. It’s amazing what Filipe has done, but it doesn’t surprise me. I’ve know Filipe for over a decade, and this guy is the hardest working person I know. And he doesn’t know how to quit. When I first heard of this project, and more importantly that Filipe was leading it, I jumped right in. I only wish I could have invested more.”

Jeffrey Vanderbeek, prior owner and Chairman of the NJ Devils NHL franchise and The Prudential Center arena in Newark, NJ, and former Managing Partner responsible for Capital Markets at Lehman Bros., invested in Giftapart in its first seed round. Vanderbeek said, “I have known Filipe for about 3 years now and have witnessed his dogged determination coupled with a tremendous work ethic in getting Giftapart to where it is today.”

Current Board members are willing to continue funding the project. D’Ascoli added, “Filipe is an innovator. He has so many other ideas to improve upon ecommerce. I can’t wait to continue seeing this company grow here and abroad. I’m looking for an opportunity to increase my equity, and I know that the Giftapart team is ready, willing and able to continue funding this project. But I support Filipe’s vision and plan to get an investor onboard with additional resources and funding that can really help skyrocket our scale.”

“It’s now about market growth and scaling big,” commented Pedroso, “Our ideal investor is not just someone who throws money at the project, although money helps, but it’s a venture capital firm with resources and a team that compliments us and provides additional tools to expedite our international growth.”

Giftapart is available on any browser as well as on the Apple App Store and Google Play Store.

App download links can be found at https://app.giftapart.com.

About Giftapart

Giftapart Inc. has developed an innovative new ecommerce marketplace revolutionizing gifting. 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 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.); 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

Other images:

Above: Screenshots of Giftapart's Apple app as visible on the Apple App Store.

Above: Square image showing some screenshots of the Giftapart app on an iPhone, the Giftapart logo and trademark brand on top, and reference to the Apple App Store and Google Play Stores where the Giftapart apps are available to download.

Above: The Giftapart icon as displayed on devices running the iOS and Android operating systems.

Above: Screenshot of Giftapart as featured on the Apple App Store. First in the world to allow people to get gifts in the order they want, revolutionizing social ecommerce, full featured event planner, shop from hundreds of trusted stores, and so much more.