The Latest

eBay acquires the GiftsProject and Opening Social Center in Israel

eBay acquired Israeli startup The GiftsProject for an undisclosed sum, according to AllthingsD. Founded in 2009, The GiftsProject has created a social commerce application, enabling users to vote, comment and buy a gift together as a group. Back in February, the GiftsProject announced a partnership with eBay as well as $1 million seed round from Gemini and Index ventures.
byEze Vidra
September 8, 2011
2.5K views
1 minute read
Total
0
Shares
0
0
0

eBay acquired Israeli startup The GiftsProject for an undisclosed sum, according to AllthingsD. Founded in 2009, The GiftsProject has created a social commerce application, enabling users to vote, comment and buy a gift together as a group. Back in February, the GiftsProject announced a partnership with eBay as well as $1 million seed round from Gemini and Index ventures. Seed funding was provided a year earlier by Yossi Vardi. Now The Gifts Project will become eBay’s Israel Social Center, reporting to Don Bradford, the VP of social commerce who joined eBay in May.

In a recent interview to VC Cafe, Ron Gura, co-founder and CEO of GiftsProject explained that the main value proposition to e-retailers is that his offering “makes the purchase completion rate as high as possible”. Which is possibly what eBay has in store for it’s new Israeli addition, which will be working on building social shopping platforms and product features for eBay Marketplaces.

The GiftsProject is the fourth exit coming out of the Zell Entrepreneurship Program of IDC Israel (disclaimer: I’m an alumnus of the program), following the sale of Ron’s brother’s companies Picscout and PicApp and the acquisition of Dror Ceder’s Wibiya by Conduit. Other Zell startups include Wibbitz (who announced seed funding from Roi Carthy yesterday) and Bizzabo.

More as the deal details unfold…

 

Eze Vidra
Follow me
Eze Vidra
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
Eze Vidra
Follow me
Latest posts by Eze Vidra (see all)
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Author
Eze Vidra
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel. I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups. I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.

Comments are closed.

Previous Article
startup trends

20 US Startup Trends: Get Inspired and Launch in Your Country

byEze Vidra
3.3K views
Next Article
Just US Logo

Capple Factory Brings Couples Together Through Mobile Apps [Interview]

byEze Vidra
2.2K views
Related Posts
GiftsProject logo Israeli statup
Read More

The Gifts Project Announces New Investor and a Partnership with eBay on Social Shopping

The Gifts Project, a social commerce platform, has been making quite a few headlines recently. The company raised $1 million in seed from Gemini and a few days later, European VC Index Ventures was mysteriously added to its investors page. The terms of the additional funding were not disclosed. Today, the Gifts Project announced a partnership with eBay, in which the e-commerce giant will host the Gift Project's 'white label' application, which enables users to set up their own Group Gift pages on eBay
byEze Vidra
2.1K views

Wibiya Opens Its Platform: Will it be the new Conduit?

Wibiya, the two year old on-site social toolbar provider (held by parent company Modular Patterns), has announced it is launching a developer platform and an open API which will enable third party applications on the Wibiya toolbar. It is approaching the reach of Conduit, the successful Israeli startup providing customized downloadable toolbars, which works with 250,000 publishers and 170 million users - except that it took the latter ten years to get there....
byEze Vidra
2.5K views
Total
0
Share
0
0
0
0
0
0