GiftCardLab.com Receives $3M Royalty Financing from Cypress Growth Capital

GiftCardLab.com, a Dallas-based provider of customizable plastic and e-gift cards for personal gift-giving and corporate incentives, has received a $3m royalty financing from Cypress Growth Capital.

The financing, the third for GiftCardLab.com, is part of Cypress’ royalty financing program that offers technology-enabled business services companies growth capital in exchange for a fixed percentage of the company’s future revenue without taking a part of the ownership of them.

The company intends to use the investment to enhance its marketing and outreach efforts to accelerate its growth, increase awareness and expand audience reach.

Founded in 2004 and led by CEO David S. Jones, GiftCardLab.com is a leading provider of pre-paid card programs, operating a large online gift card store offering both plastic and e-gift cards from hundreds of brands and featuring thousands of designs that can be customized.

FinSMEs

19/07/2012

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