Karlin Ventures Backs Gyft

Los Angeles venture capital investor Karlin Ventures has made another investment this week, as part of the $5M, Series A round for Gyft, a mobile gift startup. Karlin joined A-Grade Investments, Social+Capital Partnership, Karlin Ventures, Haas Portman and David O. Sacks in the investment round. Gyft's service lets users upload and store all their plastic gift card in electronic form, and use them both online or in the store. It's been a busy week for Karlin, which also invested in StrikeAd's recent round. More information »