Members of the First Round Capital Community have raised over $2.5 billion in follow-on capital to date. This fund allows qualified First Round Capital entrepreneurs to contribute a small piece of the stock they own in their company and share in the performance of all the other companies in the fund. First Round Capital has coordinated the first ever VC-sponsored Exchange Fund. The firm's typical initial investment is around $500,000. First Round Capital invests nationally and has additional offices in San Francisco and New York. The partners look to take an active role in most of the companies they invest in. Investing Inįirst Round Capital is a venture capital firm willing to invest in pre-revenue companies, often providing a company's first outside capital. We look forward to seeing their continued success.New York City - San Francisco Bay Area - Philiadelphia Pennsylvania, U.S.A. Snappy is emerging as a clear leader in this category, and we’re excited to have been a part of their journey over the last four years. We have been so impressed by the team and the incredible growth trajectory they are on. “We work with some of the top entrepreneurs and disruptors across the globe, and Snappy is a natural fit for our portfolio. Our goal is to become the go-to global gifting hub for anyone who wants to send a gift.” Part of our success is our focus on the fun of the experience and creating magical moments that will surprise and delight recipients. “Our customers are looking for innovative and effective ways to show appreciation for their employees in an increasingly digital world. And Snappy partners with GlobalGiving and GoFundMe to allow recipients to donate to their preferred charity in lieu of a physical gift and has helped raise over $250,000 in the last year alone. Snappy offers gifts from a variety of minority-owned businesses, and charitable gift-giving is a key component of its platform. And Snappy’s unique approach to curated gift collections allows recipients to choose the gift they love before it’s delivered, making environmental and logistical sense. But gift-giving is an inefficient process with over $100 billion in returns processed every year in the U.S. Snappy has seen 800% in year-over-year revenue growth.Ĭompanies in the US spend over $125 billion on gifts for both employees and customers with a further $375 billion spent by individuals. And Snappy has become the trusted partner to over 1,000 enterprise customers like Microsoft, Adobe, Comcast, and Uber, and has sent more than 1 million gifts in the last 6 months alone. Snappy co-founders Hani Goldstein and Dvir Cohen set out to build a gifting platform that would overcome the difficulties of sending personal gifts in a simple and stress-free way. And 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. Hans Tung, managing partner at GGV Capital, will join Snappy’s board as part of the round. With this round of funding, Snappy will continue to invest in talent and innovation as it expands into additional segments and markets, explores acquisitions, and redefine the category. This latest funding round was led by GGV Capital with participation from existing investors 83North, Saban Ventures, and Hearst Ventures. Snappy - a New York-based tech platform streamlining the gifting process - announced recently it has completed a $70 million Series C funding round, bringing total funding for the company to more than $100 million. Snappy, a New York-based tech platform streamlining the gifting process, announced recently it raised $70 million in Series C funding.
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