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. That same month, Dublin-based &Open announced a $7.2 million funding round from First Round Capital and LocalGlobe. In early May, a company called Goody raised $13.1 million in Series A funding led by New Enterprise Associates. 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. 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. And in some cases, employees may select a gift that falls below the company’s budget. 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. That selection, which can depend on the geography of the receiver, can include camping gear, electronics, and digital subscriptions. 339 views, 5 likes, 4 loves, 0 comments, 3 shares, Facebook Watch Videos from Snappy Gifts: We are excited and humbled to announce Snappy has completed a 70M Series C funding round We want to thank. 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. “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. 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. Whether or not the hype for the emerging category will continue into 2019 remains to be seen.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. This year alone, companies in the space have brought in a record amount of capital at $1.8 billion across 94 deals. ![]() The insurance industry is indeed undergoing a dramatic transformation as a result of technology companies targeting the sector, which are part of a relatively new category of startups dubbed insurtech.Īccording to PitchBook, insurtech startups have raised nearly $6 billion in venture capital funding since 2012. Treyger will join Hippo’s board of directors as part of the round. We see Hippo’s current growth rate and efficient automated policy management system as just the beginning of driving this transformation.” “Insurance is the next big sector to undergo the dramatic transformation of customer experience and improved risk management enabled by access to real time data. “Hippo has set the bar for the future of insurance with its fully automated, proprietary policy management and proactive underwriting,” Felicis managing director Victoria Treyger said in a statement. Insurance startups have raised billions as industry players fight tech disruptors
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