The Giftery has closed an investment round led by Springboard Investment Management

STARTUP WATCH- The Giftery has closed an investment round led by Springboard Investment Management (LinkedIn | website), the two parties said in a joint statement (pdf) issued last night. The two did not disclose the size of the investment. Cairo-based Giftery, founded by Sarah Aclimandos, bills itself as the region’s first online gifting platform, providing a “one-stop shop for all gift and registry needs of individuals and corporates.” Springboard’s Gamal Guemeih says the transaction is his firm’s third in Egypt. The Giftery will use the funding for “marketing, new features and improvements in the customer experience.” Our friends at Shahid Law Firm were legal advisors to the Giftery on the transaction.

Random fact: Egypt’s e-commerce market has grown 30% year-over-year for the past three years, the statement claims.