IfOnly

Source: Wikipedia, the free encyclopedia.
IfOnly
FoundedNovember 22, 2012; 11 years ago (2012-11-22) in
Parent
Acquired by Mastercard Incorporated [1]
Websitewww.ifonly.com

IfOnly was a San Francisco-based an e-commerce platform and charity venture, founded by Trevor Traina.[2][3] The company offered donation and charity solutions with the aid of connecting audiences with sports, cooking, film, and music personalities.[4]

The company marketed itself as seller of dreams and experiences.[5][6][7] It connected individuals with luminaries.[8]

The platform offered experiences to its members with celebrities including

The company closed in late 2019; it was folded into Mastercard's "Priceless" experiences marketplace.[12]

History

Gillian Tett, IfOnly founder Trevor Traina, Sheryl Sandberg, and John Ridding

IfOnly was founded in 2012[13] by Trevor Traina, a serial tech-entrepreneur.[10][14][15]

In April 2018, John Boris assumed the position of CEO of IfOnly.[16] Prior to IfOnly, Mr Boris spent six years as the Chief Marketing Officer for Shutterfly.

IfOnly partnered with the Big Red Group (BRG)[citation needed] in Australia in June 2019 to launch an Australian arm of the business, IfOnly Australia.[17] The business launched on June 3, 2019.

In Q4 2019, IfOnly was acquired by Mastercard Incorporated, although the information did not become public until mid-2020.[12]

Funding

In February 2016, the company raised $10.25 million in

Ron Burkle, Advance Newhouse, Digital Garage, and XB Ventures.[18][19]

In October, 2013, It received $12 Million in

Earlier, IfOnly secured seed funding of $3 million from a group of investors including Salesforce CEO Marc Benioff, Yuri Milner, Nirav Tolia, SurveyMonkey CEO Dave Goldberg, Zynga CEO Mark Pincus, Yelp CEO Jeremy Stoppelman, Hosain Rahman, and Owen Van Natta.[21]

In April 2018, the company raised an undisclosed amount in Series D funding led by

Hyatt Hotels Corporation, Sotheby's, Founders Fund, New Enterprise Associates, Khosla Ventures, and TriplePoint Capital.[22] However, TechCrunch reported, it secured $20 million in Series D funding.[16] Also, in April 2018, John Boris joined the company as CEO [16][23]

See also

References

  1. ^ IfOnly | shutdown
  2. ^ Castillo, Michelle (July 7, 2014). "IfOnly Sells 2,000 Experiences in Its First Year". Adweek.
  3. ^ Locke, Michelle (December 9, 2013). "IfOnly.com grants unique experiences for charity". Pittsburgh Tribune-Review.
  4. ^
    The Huffington Post
    .
  5. ^ "IfOnly... making dreams come true". CNBC. February 19, 2016.
  6. ^ Lashinsky, Adam (December 8, 2015). "Welcome to the 'Experience' Economy". Fortune.
  7. ^ "IfOnly Offers Luxury Adventure With a Charitable Twist". The Wall Street Journal. September 23, 2015.
  8. Bloomberg.com
    . December 8, 2015.
  9. ^ a b Swisher, Kara (October 28, 2013). "A-List Experiences Startup IfOnly Nabs $12 Million in Funding From Some More A-Listers, Including Yahoo's Mayer". All Things Digital.
  10. ^ a b Bigelow, Catherine (September 2, 2014). "Trevor Traina taps rich vein of experience at IfOnly". San Francisco Chronicle.
  11. ^ Schad, Tom (December 13, 2017). "Holiday gift guide: Five cool VIP sports experiences". USA Today.
  12. ^ a b Lunden, Ingrid (August 24, 2020). "Mastercard acquired and shut down IfOnly, an experiences marketplace hit by COVID-19". TechCrunch. Retrieved 2020-12-26.
  13. ^ Peak, Krystal (March 4, 2016). "How CEO Trevor Traina's IfOnly crafts A-list experiences guided by experts". American City Business Journals.
  14. ^ Sprauve, Angella (November 22, 2013). "Trevor Traina Launches IfOnly at Brooks Brothers". Haute Living.
  15. National Archives
    .
  16. ^ a b c "IfOnly, a marketplace for experiences, has new funding — and a new CEO". TechCrunch. April 5, 2018.
  17. ^ cim (2019-06-03). "IfOnly launches in Australia to deliver experiences with charity twist". CIM Business Events. Retrieved 2019-07-24.
  18. ^ "IfOnly Receives $10,250,000 Series B Funding". Xconomy. August 2, 2016.
  19. ^ Loizos, Connie (February 8, 2016). "IfOnly Lands $10.25 Million Series B For Its Growing "Experiences" Marketplace". TechCrunch.
  20. ^ "IfOnly Secures $12,000,000 New Funding Round". Xconomy. October 29, 2013.
  21. ^ ""Luminary" Access Site IfOnly Officially Launches With $3M in Funding From Tech Luminaries". All Things Digital. August 3, 2013.
  22. ^ Marinova, Polina (April 4, 2018). "5 Qs with a dealmaker". Fortune.
  23. ^ "Former Shutterfly CMO Gets Once-In-A-Lifetime Gig As CEO Of IfOnly". Forbes. April 10, 2018.

External links

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