Bold Xchange launched a significant update to their website and their first web application, leveraging technology to make corporate gifting easier.
Doug Spencer, Bold Xchange CEO
“The software we’ve created from scratch allows managers to appreciate and reward their teams in a more thoughtful way.” said Doug Spencer, Bold Xchange CEO. “Traditionally, corporate gifting is a very analog space that doesn’t leverage technology. And prior to launching this new site (and web application) we didn’t use software as a core piece of how we do business.”
Established in February 2020 and headquartered in St. Louis, Missouri, Bold Xchange is a four–person startup that received a $50,000 Arch Grant in 2020 and a follow-on $100,000 Growth Grant from them in 2023. The startup was also in We-Power’s inaugural cohort in 2022, receiving an investment about which no details were released.
Bold Xchange’s web application allows users to send personalized gifts, track gift spending, and receive data–driven insights. The company also enables corporate gifting at scale, providing a simple and secure way for large companies to send gifts to their employees. Spencer says most Bold Xchange customers work at Fortune 500 companies and national law firms.
