SNAPPY: RAISES $70M IN FUNDING

Snappy Raises $70M in Funding.

• Snappy is an NYC-based technology platform that raised $70M in funds to give gifts.
• The funding round was led by GGV Capital with participation from existing investors 83North, Saban Ventures, and Hearst Ventures.
• In connection with the financing, Hans Tung, managing partner of GGV Capital, will be a part of the company’s board members.
• The company plans to utilize these funds to continue expansion into other segments and markets and look into potential acquisitions.
• The company also has added two executives to its executive team – Alison Sagar, former UK CMO of PayPal, and Amy Stoldt, former SVP of employees from Peloton.
• The company has been associated with more than 1,000 corporate customers, including Microsoft, Adobe, Comcast, and Uber.

Also Read: HYPERSCIENCE: RAISES $100M IN GROWTH EQUITY FUNDING

Also Read: VANTA: RAISES $50 MILLION SERIES A FROM SEQUOIA CAPITAL

Also Read: Springboard: Raises $11M in Series A Financing.