Sep 27, 2023

Giftpack AI – a leading AI-powered corporate gifting platform – recently announced the completion of a seed round led by Chang Hai Lin, bringing the total raised to $4.3 million. This funding round also included participation from Tech Coast Angels, Chih Heng (George) Yeh, Christopher Yang, Dr. Mike Cooney. Earlier investors include Accelerating Asia, Digital Garage Inc., Umami Capital (led by James Lu Morrissey), Shao-Hua (Nick) Wu, Hungwei (Teddy) Chen, Alex Miller, Draper Startup House, Katya Kohen, and Axxel Marketing. As the holiday season is fast approaching, organizations worldwide are actively planning corporate gifting initiatives (September – October). This investment enables Giftpack to enhance its platform, grow its offerings, and push innovation through research and development. Utilizing its smart visual engine, Giftpack meets clients’ gifting demands with a supply chain fit for a global market. Plus, this investment will advance the integration with HRIS, Employee Recognition Platforms, CRMs, and more to make daily corporate gifting needs easier and faster for companies implementing employee recognition initiatives. Currently, companies are spending over $100,000 on gifting annually, many of which are getting gifting wrong and wasting money on gifts employees and clients don’t want and have no long-term impact. And Giftpack is transforming corporate gifting, helping businesses of all sizes, including Google, J.P. Morgan Chase, Meta, Zappos, and more, to send individually tailored gifts to thousands of clients and employees worldwide in seconds and deliver gifts that resonate. From ideation to delivery, Giftpack’s hassle-free gifting solution is easing the burden and time commitment on companies. And in comparison to a traditional hand-picked gifting process, Giftpack’s platform accelerates the employee gifting process by 95%. Since launching in the summer of 2020, the company has delivered over 50,000 gifts to employees/clients at over 1,400 companies across more than 220 countries – and boasts a 98.6% gift satisfaction rate, according to the feedback from gift receivers. And Giftpack’s technology analyzes the digital footprint of any individual to suggest the most suitable gifts, disrupting the broader gift-giving industry and setting a precedent for personalization. It sets the stage for a new era of gifting experiences, where technology and creativity converge to provide unique and heartfelt gestures. Companies using Giftpack feel the impact of a tailored versus generic gifting strategy. And clients have experienced a 57% boost in employee morale and engagement from unique gifting experiences and a 31% increase in talent retention. Giftpack is leading the path, redefining traditional gifting norms, particularly in the workplace, by delivering more memorable and personalized experiences. KEY QUOTES: “This infusion of capital signifies a resounding vote of confidence from investors as we enter a pivotal moment for Giftpack AI. We are redefining the gifting landscape and poised to shape the way people connect and express their emotions through thoughtful, personalized gestures. The future holds immense promise, and Giftpack is ready to embrace it wholeheartedly.” — Archer Chiang, Founder and CEO of Giftpack “I am enthusiastic about supporting a company at the forefront of modernizing gifting through artificial intelligence. With the ongoing AI advancements and rise of personalized shopping, this company’s ability to forge meaningful connections through technology upgrades gifting while pioneering an inventive path. I’m eager to promote Giftpack’s growth and success spearheading this transformative AI gifting journey, with an evolved leadership approach to match its trailblazing aims.” — George Yeh, Giftpack Investor