Giftango hauls in a $5 million investment


Portland-based online gift card startup Giftango has landed $5 million in new investment from a Minnesota company.

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Portland-based online gift card startup Giftango landed $5 million in new investment from Taylor Corp of Minnesota.

The startup, located in the Portland State Business Accelerator downtown, will use the money to expand its business in the market for “eGift” cards. Chief marketing officer Mike Fletcher said Giftango will hire another seven Portland employees immediately.

“We continue to forge new ground with innovative products in the virtual and mobile market for stored value,” Giftango CEO David Nelsen said in a written statement. “This additional funding will allow us to scale our services to yet another level.”

Read more at OregonLive.com.

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