Snappy Secures $25M in Series D Funding To Continue Revolutionizing Gifting
Summary
NEW YORK, April 16, 2024-- Snappy, the gifting platform, today announced the successful closing of its Series D funding round, securing $25 million in capital. This latest investment round was led by Qumra Capital with participation from 83North, Saban Ventures, Notable Capital, and Hearst Ventures, underscoring strong confidence in Snappys vision and its ongoing commitment to revolutionizing gifting built on fostering gratitude and appreciation. "Our goal is not just to lead but also redefine gifting, ensuring it becomes more personal, meaningful, and seamlessly integrated into daily business tools, fostering stronger workplace connections, increasing engagement, and elevating retention," said Hani Goldstein, Co-Founder and CEO of Snappy. This investment follows a notable year for Snappy, marked by advancements, including continued growth for its self-service offering, expanded swag solutions, and the introduction of a digital gift hunt as part of its revamped recipient experience. "During the past couple of years, it established itself as the de-facto market leader and go-to gifting platform for some of the largest global corporates, vastly outperforming competition.