Wantful Shuts Down, Cites Weak Growth

By  |  September 8, 2013
 | 

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.

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    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.  


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