Snappy, a New York-based tech platform for gifting, raised $70M in funding.
The round was led by GGV Capital with participation from existing investors 83North, Saban Ventures and Hearst Ventures. In conjunction with the funding, Hans Tung, managing partner at GGV Capital, will join Snappy’s board.
The company will use these funds to continue to expand into additional segments and markets, and explore acquisitions.
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.
Co-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. Clients also have access to real-time recipient feedback and gift insights to help understand the impact of their programs. 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.