Gifting platform company Snappy announced the successful closing of its Series D funding round, securing $25 million in capital. This latest funding round was led by Qumra Capital with participation from 83North, Saban Ventures, Notable Capital, and Hearst Ventures, highlighting strong confidence in Snappy’s vision and its ongoing commitment to revolutionizing gifting built on fostering gratitude and appreciation.
Since its founding in 2015, Snappy has redefined the gifting space by eliminating friction and guesswork. So far, Snappy has delivered over 5 million gifts globally and acted as the trusted partner to 47% of the Fortune 100.
The new funding round will be strategically allocated to enhance Snappy’s marketplace offerings, accelerate research and development (R&D) efforts for innovative technologies, and expand its product offerings, enriching the gifting experience for gift-givers and recipients.
This funding round 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. And a new API integration allows customers to streamline operations while turbocharging employee engagement. The upcoming initiatives include launching Snappy Experiences for experiential gifts, announcing strategic product partnerships, and further elevating the user experience.
KEY QUOTES:
“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.”
– Hani Goldstein, Co-Founder and CEO of Snappy
“Snappy represents exactly the type of company we look to join forces with at Qumra. 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. We’re thrilled to partner with Snappy’s excellent founding and management team as they enter the next phase of their journey.”
– Omri Strul, Investment Director at Qumra Capital
