Plastic Jungle, a web-based gift card exchange platform, enables users to buy, sell and swap gift cards for other forms of purchasing power.
Plastic Jungle (www.plasticjungle.com) is the web's largest secured gift card exchange, giving consumers the choice and flexibility to convert their gift cards into other forms of spending power including cash, online balances to use for purchases at the millions of merchants that accept PayPal, Facebook Credits, and more and to stretch their shopping dollars at their favorite merchants. Plastic Jungle's patent-pending marketplace and payment applications aim to safely unlock the estimated $30 billion in unredeemed gift cards trapped in the economy for the benefit of consumers and merchants alike. Based in San Jose, California, the company is privately held, with venture backing from Shasta Ventures, Redpoint Ventures, Jafco Ventures, First Round Capital, Bay Partners, Harrison Metal and Western Technology Investment.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Nov 18, 2010 | Series C | $10M | 1 | — | — | Detail |
Mar 18, 2010 | Series B | $7.40M | 1 | Redpoint | — | Detail |