What is Snappy?
Snappy was founded with the mission to connect people through the power of gratitude, aiming to infuse more joy into the world via thoughtful giving. Operating from its headquarters in New York, with additional offices in Tel Aviv and the United Kingdom, Snappy has cultivated a team united by this shared vision. The company provides a platform designed to facilitate meaningful gift-giving experiences, fostering stronger relationships between individuals and organizations.
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 GGV Capital, Hearst Ventures, Saban Ventures and Investments, and 83North
Series D (2024): $25M featuring 83North, Qumra Capital, Notable Capital Ventures, and Saban Ventures and Investments
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.
Qumra Capital
Qumra Capital is a venture capital fund based in Israel that focuses on late-stage technology companies with proven market fit and significant revenues. The firm seeks to invest in ambitious teams capable of transforming their businesses into global market leaders. Their portfolio includes a diverse range of hypergrowth companies across various sectors, including mobile app analytics, construction technology, and health services. Qumra Capital aims to provide strategic support and resources to help these companies scale and disrupt their respective industries.
What's next for Snappy?
The recent major strategic investment of $25M signals a new phase of expansion and development for Snappy. This substantial capital infusion, occurring at what appears to be a Series D stage given the total funding context, suggests the company is poised for significant scaling. Future initiatives will likely focus on enhancing its platform capabilities, expanding its market reach, and potentially exploring new verticals within the corporate gifting and employee recognition space. Strategic partnerships and technological advancements are anticipated as Snappy leverages this latest backing to further its vision of bringing more joy through giving.
See full Snappy company page
