Wantful Shuts Down, Cites Weak Growth

San Francisco and New York-based social gifting startup Wantful has announced that it is shutting down operations after failing to secure new capital, TechCrunch reported on September 6.

CEO John Poisson said the decision was necessary, as the Wantful had not achieved the “highly accelerated growth” it needed to attract new investors. Wantful had previously attracted big-name investors, most recently adding retail giant Nordstrom in June.

For more on Wantful and the factors that led to its closing, click here.