Sequoia, Kleiner Perkins, And Obvious Put $4.5M In Sleek Social, Mobile Gifting Platform Karma

Karma, a new social, mobile gifting service from the founder of TapJoy, has raised funding from Kleiner Perkins, Sequoia Capital, The Obvious Corporation, Stephen Gillett, Felicis Ventures and other angel investors. While Karma declined to reveal the exact amount of the funding round, which was raised last summer, SEC documents reveal the startup has raised around $4.5 million. In addition to announcing its investors, Karma is also debuting its disruptive mobile, social gifting platform that could change the way people give and receive gifts. Founded by Lee Linden, and Ben Lewis; Karma aims to give users the option to give friends gifts on the go via iOS and Android apps. While there are a number of mobile, social gifting apps on the market, Karma's service combines intelligence, social discovery, and the ease of gift giving in a sleek app that's definitely worth a look.

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