gWallet Garners $12,500,000 New Funding Round

  • Feed Type
  • Date
    12/1/2009
  • Company Name
    gWallet
  • Mailing Address
    525 Market Street 18th Floor San Francisco, CA 94105
  • Company Description
    We witnessed the virtual economy ecosystem growing but without a long-term vision or strategy. Hence, we went to work and created a virtual currency platform ourselves. In July 2009, AlwaysOn selected gWallet as one of the top 250 private companies in America.
  • Website
    http://www.gwallet.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    gWallet will use the new funds to open offices in Europe to help bring more brands into social media. The company has 20 employees and was founded earlier this year. Besides Offerpal, rivals include Super Rewards (owned by AdKnowledge) and Gambit.
  • M&A Terms
  • Venture Investor
    Adams Street Partners
  • Venture Investor
    Trinity Ventures
  • Venture Investor
    Stanford University
  • Venture Investor
    Undisclosed