Wrapp Ties Up $15 Million

Sweden- and California-based social gifting startup Wrapp announced an end to its series B funding on Thursday. In total, it raised $15 million in new capital, according to TechCrunch.

The round included support from existing contributors like Atomico, Creandum, Greylock Partners, as well as new names such as American Express, Qualcomm Ventures and SEB Private Equity.

Wrapp says it will use the fund to grow its current market share in existing areas while evolving more comprehensive platforms for new audiences.

Read the full report here.