Social-gifting company gets $15 million in funding

06/14/2013 | CNNMoney/Fortune

Wrapp, which offers an application that allows users to send and receive gift cards, has received $15 million in funding intended to allow the Stockholm-based business to increase its presence in the U.S. The company has its eye on several high-profile partners and plans to move its user-facing team to San Francisco, CEO Hjalmar Winbladh says, noting that about 15 million gift cards have been sent via Wrapp's app.

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