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- Snappy
Snappy Revenue, Valuation, Funding & Investors
Snappy is valued at $200M as of April 2024, a 4.0x multiple on its last reported $50M revenue.
Last Snappy valuation
$200M
Series D · Apr 2024
Last Snappy funding round
$25M
Series D · Apr 2024
Snappy revenue
$50M
Series D · Apr 2024
Key investors in Snappy
83North
Hearst Ventures
Notable Capital
Saban Ventures
XRC Ventures
Qumra Capital
About Snappy
Snappy is a group gifting platform simplifying the sending of personalized gift cards from retailers like Amazon and Starbucks. Users select options, add custom messages, and monitor delivery and redemptions in real time for occasions including employee rewards, birthdays, and holidays.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$50M (Apr 2024)
Valuation
$200M (Apr 2024)
Snappy Valuation
Snappy is currently valued at $200M, based on its Series D in April 2024.
The $25M round was led by Qumra Capital, with participation from Hearst Ventures, Saban Ventures, 83North and Notable Capital.
Snappy valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2024 | Series D | $200M | 4.0x |
Snappy Revenue
Snappy's latest recorded revenue is $50M, as of its Series D in April 2024. At a $200M valuation, that implies a 4.0x revenue multiple.
Snappy revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2024 | $50M | $200M | 4.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Snappy Funding History
Snappy has raised a total of $130M across 6 funding rounds.
Snappy's first fundraising round was a $100K pre-seed round in January 2017. The most recent completed round was a $25M Series D in April 2024.
Snappy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2024 | Series D | Qumra Capital (lead); Hearst Ventures; Saban Ventures; 83North; Notable Capital | $25M | $200M | Snappy is an Israeli-founded, New York-based corporate gifting platform that enables businesses to send customizable, thoughtful gifts to employees and clients, integrating marketplace offerings, API-first technology, gamification, and features like digital gift hunts and experiential gifts. It serves 47% of Fortune 100 companies and has delivered over 5 million gifts globally, positioning itself as the market leader for large corporates. On April 16, 2024, Snappy closed a $25 million Series D funding round led by Qumra Capital, with participation from 83North, Hearst Ventures, Notable Capital, and Saban Ventures, bringing total funding to approximately $130 million across six rounds. The round occurred at an estimated post-money valuation of $180-200 million, down from the $360-400 million valuation in its May 2021 Series C round of $70 million. Funds are allocated to expand marketplace offerings, accelerate R&D for innovative technologies, enhance product lines including swag solutions and API integrations, and elevate user experiences. The investment reflects confidence in Snappy's growth despite challenges, including a January 2024 layoff of about 30% of its workforce (around 100 employees). Prior rounds include a Series A of $8.2 million in October 2018 led by 83North. Snappy continues to innovate with self-service options, strategic partnerships, and a focus on fostering workplace engagement and retention through meaningful gifting. Qumra Capital highlighted Snappy's outperformance against competitors and its role as the go-to platform for global corporates, supporting its next growth phase under co-founders CEO Hani Goldstein and CTO Dvir Cohen. |
| May 2021 | Series C | Notable Capital (lead); Hearst Ventures; Saban Ventures; 83North | $70M | - | Snappy is a New York-based gifting platform that enables companies to send personalized gifts to employees and customers at scale. Founded in 2015 and co-founded by Hani Goldstein and Dvir Cohen, the company has developed a marketplace featuring premium gifts, business integrations, and gamification features. The company has delivered more than 5 million gifts globally and serves 47% of the Fortune 100 as of early 2024. On May 26, 2021, Snappy closed a $70 million Series C funding round, bringing total funding to over $100 million. The round was led by GGV Capital with participation from existing investors 83North, Saban Ventures, and Hearst Ventures. GGV Capital managing partner Hans Tung joined Snappy's board as part of the investment, and the company added executives including Alison Sagar (former UK CMO from PayPal) and Amy Stoldt (former SVP of people from Peloton). The company stated it would use proceeds to invest in talent and innovation while expanding into additional segments and markets and exploring acquisitions. By April 2024, Snappy had raised a total of $130 million across four rounds and achieved approximately $30 million in annual revenue with 40% year-over-year growth, though the company declined to officially comment on these figures. |
| Jul 2020 | Series B | Saban Capital Group (lead) | $25M | - | Snappy is a gifting platform founded in 2015 that enables companies to send gifts to employees and customers at scale. The platform features a curated marketplace of gifts, over 30 business integrations, gamification elements, and an API-first approach to gifting experiences. In July 2020, Snappy completed a Series B funding round raising $25 million led by Saban Capital Group, bringing the company's total funding to approximately $58.2 million across three rounds at that time. The company was experiencing rapid growth, having grown by 800% in 2020, and was expanding its team and product capabilities. By the time of its Series C round in May 2021 (nine months after Series B), Snappy had raised significantly more capital and was valued at an estimated $360 to $400 million, demonstrating substantial investor confidence in its market position and growth trajectory. |
| Oct 2018 | Series A | 83North (lead); Hearst Ventures | $8M | - | - |
| Jul 2017 | Seed | 83North (lead) | $2M | - | - |
| Jan 2017 | Pre-seed | XRC Ventures (lead) | $100K | - | - |
Who has invested in Snappy?
7 investors have backed Snappy across its funding rounds, including 83North, Hearst Ventures, Notable Capital, Saban Ventures, XRC Ventures and Qumra Capital.
Lead investors include Qumra Capital, Notable Capital, Saban Capital Group, 83North and XRC Ventures.
Snappy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jul 2017 | ||
| 3 | Participant | Oct 2018 | ||
| 2 | Participant | May 2021 | ||
| 2 | Lead | May 2021 | ||
| 1 | Lead | Jul 2020 | ||
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Start Free TrialAcquisitions by Snappy
Snappy has acquired 1 company to date.
Last acquisition by Snappy was on January 10th 2025. Snappy acquired Covver for undisclosed valuation.
Latest Acquisitions by Snappy
| Description | Covver is an employee engagement platform enabling brands to send customizable swag and rewards for recognitions and milestones. The U.S.-based service connects to 5,000-plus vendors for on-demand fulfillment of apparel, gifts, and tech items. Used by tech firms and enterprises since 2020, Covver streamlines bulk ordering and personalization through its dashboard, supporting remote teams with global shipping. |
| HQ Country | |
| HQ City | Tel Aviv |
| Deal Date | 10 Jan 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Snappy acquisitions and their M&A valuation multiples. Start Free Trial | |
Snappy Competitors
Snappy competitors include listed companies like Méliuz and Lifull, and private ones like DotPe, Huajuan Mall, Slice and Evermos.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $89M | $9M | $109M | 1.0x | ||
| Private | - | - | $250M | - | ||
| Private | - | - | $150M | - | ||
| Private | - | - | $299M | - | ||
| Private | - | - | $300M | - | ||
| Publicly listed | $181M | $33M | $196M | 1.0x |
Snappy Public Comps
Snappy is still privately-owned, but its public comps include Lifull, Eagle Eye, Angi, Hostelworld Group, Shutterstock, Port Inc., AirTrip, RideNow Group, Martı and Yatra Online.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $181M | $33M | 1.0x | 1.0x | 5.5x | - | |||
| $65M | $15M | 2.6x | 2.6x | 11.6x | 12.3x | |||
| $1B | $114M | 0.4x | 0.4x | 3.7x | 3.6x | |||
| $108M | $21M | 1.6x | 1.5x | 8.6x | 7.0x | |||
| $990M | $158M | 0.3x | 0.3x | 2.1x | 1.2x | |||
| $187M | $34M | 1.2x | 1.1x | 6.8x | 6.0x | |||
| $181M | $20M | 0.9x | 0.7x | 7.8x | 7.0x | |||
| $1.1B | $9M | 0.7x | 0.7x | 83.6x | 15.0x | |||
This data is available for Pro users. Sign up to see all Snappy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Snappy
| When was Snappy founded? | Snappy was founded in 2015. |
| Where is Snappy headquartered? | Snappy is headquartered in New York City, NY, United States. |
| Is Snappy publicly listed? | No, Snappy is a private, VC-backed company. |
| What is Snappy's valuation? | Snappy was last valued at $200M in its Series D in April 2024. |
| How much funding has Snappy raised? | Snappy has raised $130M across 6 funding rounds. |
| What was Snappy's last funding round? | Snappy's last funding round was a $25M Series D in April 2024, led by Qumra Capital. |
| Who are Snappy's investors? | Snappy's investors include 83North, Hearst Ventures, Saban Ventures, Notable Capital, Saban Capital Group, XRC Ventures and Qumra Capital. |
| What is Snappy's revenue? | Snappy's latest recorded revenue is $50M (April 2024). |
| What is Snappy's revenue multiple? | Snappy's latest valuation implies a 4.0x revenue multiple ($200M valuation on $50M of revenue). |
| Which companies are comparable to Snappy? | Companies comparable to Snappy include Méliuz, DotPe, Huajuan Mall, Slice, Evermos and Lifull. |
| How many companies has Snappy acquired? | Snappy has acquired 1 company, including Covver. |
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