Lottay
Company

Last deal

$475K

Amount

Series A

Stage

17.11.2009

Date

2

all rounds

$675K

Total amount

date founded

Financing round

General

About Company
Lottay is an online gift-giving service that allows individuals and groups to give and receive cash gifts.

Industry

Sector :

Subsector :

Keywords :

founded date

01.03.2008

Operating Status

Closed (01.01.2014)

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

Lottay aims to change the perception of giving money as a gift by providing a fun and personalized experience. Through e-greeting cards, personalized messages, and images, Lottay wraps the gift of cash in the look-and-feel of the occasion. The cash gift is sent via PayPal, removing the stigma and embarrassment associated with giving money. Lottay's online service allows people to buy gift cards and collect money from friends and family for those gifts. Follow @GiveGiftsOnline for updates on gifting online, gift cards, and PayPal.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Transaction name

Acquired by

Givey

announced date

23.05.2011

Financials

Funding Rounds
2
2

Number of Funding Rounds

$675K

Money Raised

Their latest funding was raised on 17.11.2009. Their latest investor Frontier Venture Capital. Their latest round Series A

Date 
Funding Round 
Investors 
Money Raised 
Lead 
24.07.2009
1
$200K
Frontier Venture Capital

Frontier Venture Capital

Draper Frontier is a venture capital firm that finances early-stage media and technology companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

Santa Monica, CA, USA

count Of Investments

101

count Of Exists

20
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Seed, Series A
Frontier Venture Capital

Frontier Venture Capital

Draper Frontier is a venture capital firm that finances early-stage media and technology companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

Santa Monica, CA, USA

count Of Investments

101

count Of Exists

20

People

Founders
4

Ross Hale

current job

SocialStay
SocialStay

organization founded

2

Ross Hale

Alex Rabiee

current job

Lottay
Lottay

organization founded

1

Alex Rabiee

Andrew Elliott

current job

Lottay
Lottay

organization founded

1

Andrew Elliott

Adam Olsen

organization founded

1

Adam Olsen

Employee Profiles
7

Rudiger Lippert

CTO

Ross Hale

Founder/Senior Developer

Alex Rabiee

Founder/CFO

Andrew Elliott

Founder/President

Activity

Recent News
0