Round Three, and the Best is Yet to Come
Well gee-whilikers! I didn’t expect to be writing this so soon after our Series B round, but …
We closed a Series C round of $10 million.
Gary mentioned in his blog about the B round that this is just a way for us to measure our progress along some sort of an education path – I don’t know where exactly that puts us (high school?), but I will say that it’s really great that smart people like Jeb Miller at Jafco Ventures thought enough of us to come knocking, and then were persuasive enough to convince us and our existing investors to top off the tank.
So we did. It’s quite full. But it won’t change the way we operate our business. We like being a startup, acting with urgency and purpose, running lean, ensuring we control our own destiny, being entrepreneurs. That’s fun stuff. What we can promise you is that these proceeds, all these proceeds, will go to delivering the best possible experience to you, across all our services. And it will help us bring out a few things we’ve been working on even sooner – really cool, so-far secret stuff, so stay tuned!
So, thanks to Jeb and the whole Jafco team (and to all our existing investors who keep stepping up to invest more in us). Thanks to our business partners from all corners of the gift card, retail and payment industries for supporting us. And thanks to you, our customers, for making us the web’s largest and best place to get the most possible value from gift cards. We at PJ like you all a real lot!
