This brings the total funding raised by the company to over $100 million, reports with reference to. Buoyed by a surge in corporate gifting amid the pandemic, Snappy, a maker of software for companies to send gifts en-masse to employees and customers, raised $70 million in funding, the business announced Wednesday.Īs office work moved into homes, so did the act of sending thank-you gifts to cement client relationships or end-of-year perks-such as a bottle of wine-to employees.( MENAFN- Trend News Agency ) Israeli gift tech platform Snappy has announced the completion of a $70 million Series C financing round, led by GGV Capital with participation from existing investors 83North, Saban Ventures and Hearst Ventures. While the company declined to give specific revenue and valuation figures, the Series C round of funding, financed by investors led by GGV Capital, comes after the New York City-based business grew revenue by 800% in 2020 and roughly 400% the year prior. “The majority of corporate gifting is still being done offline.” “We’re seeing a shift to digital,” says Snappy CEO and co-founder Hani Goldstein, seeing the recent surge in online gifting as the early innings fo the industry. Snappy works by taking into account a company’s gifting budget and shows the customers or employees a selection of gifts that fit into those parameters. That selection, which can depend on the geography of the receiver, can include camping gear, electronics, and digital subscriptions. Snappy also allows the company to automatically send out gift option cards based on dates such as an employee’s birthday or work anniversary.īy offering a selection of gifts rather than outright handing an employee a gift card, Snappy saves companies an estimated 20% as they are not charged for unclaimed gifts, says Goldstein. And in some cases, employees may select a gift that falls below the company’s budget. Snappy charges a 15% fee for every gift, in addition to a subscription fee for each company, but Goldstein says this form of gifting still cuts a smaller hole in the company’s wallet.Į-commerce has already made it easier for consumers to buy and gift goods to friends and family. But venture capitalists are betting that doing so to multiple addresses with people with varying preferences is creating enough of a headache that businesses are willing to pay to simplify the process.Īnd Snappy isn’t the only one trying to solve the issue. In early May, a company called Goody raised $13.1 million in Series A funding led by New Enterprise Associates. That same month, Dublin-based &Open announced a $7.2 million funding round from First Round Capital and LocalGlobe. Not to forget Alyce, that raised $30 million in April, that is looking to cut down on corporate swag at events or Sendoso, which last raised $40 million in February of 2020.Īs with many startups that have received the pandemic boost, the question is: How much of the habit will stick? With the new capital from investors including 83North, Saban Ventures, and Hearst Ventures, Goldstein is certainly betting that it will not only stick, but grow: The company plans to more than double the headcount to 300 over the next year.We’re Freetrade.io and we’re building an investment product that will empower millions of users to invest into the companies they believe in - without large fees or industry jargon. Instead of VC funding, we’ve raised over £4 million through Crowdcube - meaning our investors are our users and our community. We’re hiring across the engineering team. Senior Android Engineer: (Kotlin Android) As well as building an Android App to sit alongside our current iOS App, we’re building new data and trading platforms. Principal Software Engineer: (Systems Design, Typescript, iOS, Android…) Senior Engineer, Growth: (React, iOS, Android, Typescript…) SNAPPY 70M SERIES GGV ANDROID We’re language-agnostic, encouraging engineers to work outside of their expertise. In other words, don’t be put off if you don’t see your skillset. Strong engineers of any discipline - get in touch!ĭataSine | Software Engineer | London | ONSITE | Full TimeĭataSine (Techstars 2016) is a VC-backed tech startup bringing together machine learning and psychology to enable companies to personalise how they talk to their customers at scale. We are a small team that is growing fast, and are looking for creative engineers across the full stack to join our team in London.
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