Snappy Raises $25M in Series D Funding to Enhance Marketplace, Accelerate R&D, and Expand Product Offerings

Snappy's Series D Funding

Key Highlights:

• Series D Funding: Snappy, a gifting platform provider, raised $25 million in Series D funding.
• Investors: Funding led by Qumra Capital, with participation from 83North, Saban Ventures, Notable Capital, and Hearst Ventures.
• Marketplace Enhancements: Funds will be used to enhance Snappy's marketplace offerings, accelerate R&D efforts, and expand product offerings.

Snappy's Target Market

• Corporate Gifting: Targeting businesses and organizations looking for a gifting platform to enhance employee engagement and customer relationships.
• Fortune 100 Companies: Partnering with Fortune 100 companies, with a current partnership rate of 47%.
• Swag Solutions: Offering expanded swag solutions for businesses to customize and brand their gifts.

What Snappy Needs to Buy

• Marketplace Partnerships: Collaborating with premium gift suppliers and vendors to expand the selection of gifts available on the platform.
• Technology Research and Development: Investing in R&D efforts to develop innovative technologies and features for the gifting platform.
• User Experience Enhancement: Improving the user experience through interface updates and new features.