Giftiki Acquired By LaunchRock

Former Houston area startup Giftiki, which operated an online service which allowed friends to collaborate with each other to gift gifts to others, has been acquired by LaunchRock, the company told its users today. Financial terms of the buy were not disclosed. As part of the acquisition, Giftiki will be shut down. Giftiki was backed by Tim Draper, Crosslink Capital, GoldHill Capital, and Transmedia Capital. Launchrock operates a service that helps startups launch themselves to the world through special "launch pages". Giftiki had started in Houston, but moved to the Bay Area after receiving around $1.0M in funding last year.