Gifting platform Snappy raises $70 million series C
Summary
Snappy CEO Hani Goldstein told Calcalist that the companys marketplace includes tens of thousands of options for gifts. Snappy doesnt currently work with private consumers, but instead partners with over 1,000 enterprise customers including Microsoft, Adobe, Comcast, and Uber, and has sent more than 1 million gifts in the last six months alone. "Our previous round was for $25 million 10 months ago but the momentum in the market was stronger than what we could withstand," noted Goldstein. Hans Tung, managing partner at GGV Capital, whose portfolio includes the likes of Affirm, Airbnb, Coinbase, Peloton, Slack, StockX, TikTok, and Wish, will join Snappy’s board as part of the round. 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.