Snappy’s backend technology integrates directly via APIs with merchants and HR service providers such as ADP, Trinet, and Bamboo HR. Snappy partners with a wide range of brands, including Apple, Amazon, Airbnb, Samsung, Fitbit, Le Creuset, and Yeti, so that recipients can receive items of their choice shipped for free directly from their favorite retailers.īut, mostly, the thing that stands out about Snappy is the utter simplicity of its idea-giving people gifts they actually want-paired with the technical complexity of its solution. They can opt for the gift chosen for them or select their own from a list of high-quality items (i.e., electric scooters, spa treatments, unicorn slippers), all handpicked by professionals using a proprietary trends algorithm based on real-time stock availability. Here’s how it works: Recipients receive an email telling them they have a gift and then enjoy a fun, interactive experience opening the gift on their computer or phone. Starting as one of Snappy’s very first customers, we were not surprised to see how the company helped keep people connected through the pandemic with highly personalized gifts. Snappy grew revenue by 800% in the last year and still has massive room to run in the corporate gifting space, and they could also target the consumer gifting market in the future, valued at $375 billion a year in the US alone. Companies in the US spend more than $125 billion on gifts for their employees and customers each year. Snappy has become the trusted partner to 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. Snappy set out to build a gifting platform that would overcome the difficulties of sending personal gifts in a simple, fun, and stress-free way. Beyond the apparent drive, vision, and operational chops to build a potential billion-dollar business, they are the rare kind of founders who you know will create something special. We first met them about four years ago when the company was little more than an idea, yet we left that first meeting knowing that we wanted to back these entrepreneurs. We are also huge believers in co-founders Hani Goldstein and Dvir Cohen. We have been so impressed by the team and its incredible growth trajectory. That’s why GGV is so excited to invest in Snappy, a tech platform that’s revolutionizing gifting. We’re leading Snappy’s $70 million Series C because we see almost limitless potential for the company’s tech-driven gifting solution. The same goes for valued customers and partners sometimes, a thoughtful gift basket or bottle of wine hits the right note, but more often than not, corporate gifts fall flat with the receivers. How many more hoodies with company logos or travel coffee mugs does a person need? (Answer: zero.) Yet companies continue to reward employees for work anniversaries and achievements, celebrate their birthdays, and show they care by gifting them items they don’t really want. And when it comes to corporate gifting, the gift-mismatch is all the more likely. You open a present and say thank you through a forced smile: you appreciate the thought, but it’s a gift you don’t like or need. The company has become a partner to 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.Everyone has been there. Clients also have access to real-time recipient feedback and gift insights to help understand the impact of their programs. 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.Ĭo-founded by Hani Goldstein (CEO) and Dvir Cohen, Snappy provides a gifting platform that offers high-quality gifts from top brands and retailers, picked by professionals using a proprietary gift-trends algorithm and real-time stock availability. The company will use these funds to continue to expand into additional segments and markets, and explore acquisitions. In conjunction with the funding, Hans Tung, managing partner at GGV Capital, will join Snappy’s board. The round was led by GGV Capital with participation from existing investors 83North, Saban Ventures and Hearst Ventures. Snappy, a New York-based tech platform for gifting, raised $70M in funding.
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