Giiv Raises $3.35M From Eric Schmidt and Other VCs

Mobile gift start-up company Giiv has raised $3.35 million in Series A from investors that include Google Inc. (NASDAQ:GOOG) CEO Eric Schmidt, Saban Ventures, Founder Collective, and SK Telecom Ventures.  Schmidt invested in Giiv through his seed fund company TomorrowVentures.  Giiv’s mobile gifting service works through text messages, a Facebook application, and an iPhone application.  The text messages have a redemption code for store credits. [TechCrunch]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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