Clients also have access to real-time recipient feedback and gift insights to help understand the impact of their programs. The company has also added two new Executives to its leadership team - Alison Sagar, former UK CMO from PayPal and Amy Stoldt, former SVP of people from Peloton.Ĭo-founded by Hani Goldstein (CEO) and Dvir Cohen, Snappy provides a gifting platform that offers high-quality gifts from top brands and retailers, picked by professionals using a proprietary gift-trends algorithm and real-time stock availability.
The company will use these funds to continue to expand into additional segments and markets, and explore acquisitions.
In conjunction with the funding, Hans Tung, managing partner at GGV Capital, will join Snappy’s board. The round was led by GGV Capital with participation from existing investors 83North, Saban Ventures and Hearst Ventures. Not to forget Alyce, that raised $30 million in April, that is looking to cut down on corporate swag at events or Sendoso, which last raised $40 million in February of 2020.Īs with many startups that have received the pandemic boost, the question is: How much of the habit will stick? With the new capital from investors including 83North, Saban Ventures, and Hearst Ventures, Goldstein is certainly betting that it will not only stick, but grow: The company plans to more than double the headcount to 300 over the next year.Snappy, a New York-based tech platform for gifting, raised $70M in funding. That same month, Dublin-based &Open announced a $7.2 million funding round from First Round Capital and LocalGlobe. In early May, a company called Goody raised $13.1 million in Series A funding led by New Enterprise Associates. But venture capitalists are betting that doing so to multiple addresses with people with varying preferences is creating enough of a headache that businesses are willing to pay to simplify the process.Īnd Snappy isn’t the only one trying to solve the issue. Snappy charges a 15% fee for every gift, in addition to a subscription fee for each company, but Goldstein says this form of gifting still cuts a smaller hole in the company’s wallet.Į-commerce has already made it easier for consumers to buy and gift goods to friends and family. And in some cases, employees may select a gift that falls below the company’s budget. Snappy also allows the company to automatically send out gift option cards based on dates such as an employee’s birthday or work anniversary.īy offering a selection of gifts rather than outright handing an employee a gift card, Snappy saves companies an estimated 20% as they are not charged for unclaimed gifts, says Goldstein. That selection, which can depend on the geography of the receiver, can include camping gear, electronics, and digital subscriptions. Snappy works by taking into account a company’s gifting budget and shows the customers or employees a selection of gifts that fit into those parameters.
“The majority of corporate gifting is still being done offline.” 6) Must show the interest rate of the CD. “We’re seeing a shift to digital,” says Snappy CEO and co-founder Hani Goldstein, seeing the recent surge in online gifting as the early innings fo the industry. It is a single pole, precision,snap acting 1) Acontrol button be raised or flush and a minimum of 2 inches at. While the company declined to give specific revenue and valuation figures, the Series C round of funding, financed by investors led by GGV Capital, comes after the New York City-based business grew revenue by 800% in 2020 and roughly 400% the year prior.
SNAPPY 70M SERIES GGV SOFTWARE
Buoyed by a surge in corporate gifting amid the pandemic, Snappy, a maker of software for companies to send gifts en-masse to employees and customers, raised $70 million in funding, the business announced Wednesday.Īs office work moved into homes, so did the act of sending thank-you gifts to cement client relationships or end-of-year perks-such as a bottle of wine-to employees.
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