What is Snappy?
Snappy was founded with a core mission to foster connections through the power of gratitude, aiming to infuse more joy into the world via the act of giving. Operating from its headquarters in New York, with additional offices in Tel Aviv and the United Kingdom, the company has cultivated a team united by this shared vision. Snappy's operations are centered around enhancing the experience of gift-giving and appreciation, striving to be a leader in its market.
How much funding has Snappy raised?
Snappy has raised a total of $128.2M across 4 funding rounds:
Series A
$8.2M
Series B
$25M
Series C
$70M
Series D
$25M
Series A (2018): $8.2M with participation from 83North
Series B (2020): $25M led by Saban Capital Group
Series C (2021): $70M supported by 83North, Saban Ventures and Investments, GGV Capital, and Hearst Ventures
Series D (2024): $25M featuring Saban Ventures and Investments, Notable Capital Ventures, Qumra Capital, and 83North
Key Investors in Snappy
83North
83North is a global venture capital firm managing over $2.2 billion, investing in exceptional entrepreneurs at all stages to build category-leading companies. The firm has a diverse portfolio with 90 companies and has achieved 33 exits and 14 unicorns since its inception. 83North focuses on supporting innovative startups across various sectors, helping them scale and succeed in the global market. Their investment philosophy emphasizes collaboration and a unique approach to fostering growth.
Saban Ventures and Investments
Saban Ventures is a Venture Capital Firm dedicated to investing in and partnering with exceptional entrepreneurs at various development stages. The firm focuses on collaborating with difference-makers across multiple sectors, providing not just financial support but also mentorship and guidance. Their portfolio includes innovative companies like ironSource, Snappy, SimilarWeb, floLIVE, and Nexite, which are leaders in their respective fields. Saban Ventures aims to be a committed partner in the success of the businesses they support.
GGV Capital
Co-founded in Silicon Valley and Singapore in 2000, GGV Capital is a global venture firm that invests in local founders. With billions under management, with investments across the globe, As a multi-stage, sector-focused firm, GGV Capital invests in seed-to-growth stage companies across three sectors: Social/Internet, Enterprise Tech, and Smart Tech. Over the past two decades, we have backed companies around the world, including Affirm, Airbnb, Alibaba, Big Commerce, Boss Zhipin, Grab, HashiCorp, Hello, JD MRO, Keep, Kujiale, Manbang, NIU, Opendoor Technologies, Peloton, Poshmark, Qunar/Ctrip, Slack, Square, StockX, Udaan, Wish, XPeng, Zendesk, and more.
What's next for Snappy?
The recent major strategic investment of $25M positions Snappy for accelerated growth and market penetration. This substantial capital infusion, following a Series C round, indicates a transition into a later stage of development, likely focusing on scaling operations, expanding its product offerings, and potentially exploring new market verticals. The backing from prominent investors suggests confidence in Snappy's business model and its potential for significant future returns, enabling strategic initiatives and further innovation in the corporate gifting and employee recognition space.
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