Company Overview
Snapshot
Founded in December 2020 by Roee Adler and Menachem Katz, Santa operates with 11–50 employees. The company has raised $13,000,000 across one funding round. In December 2022, Santa ceased operations.
Business overview
Santa introduces users to curated products from a variety of premium local and global brands. The company operates in the Business Software sector, specifically focusing on e-Commerce Tools within Sales & Marketing Solutions, utilizing web platforms and interfaces to serve both consumers and enterprise clients.
Strategic signal
In December 2022, Santa ceased operations and laid off most of its employees. This event signals a significant downturn for the company, indicating a failure to achieve sustainable growth or market fit despite its initial funding, and suggests a complete withdrawal from the market for investors and innovation teams.
Log in to access full profile ›Company Intelligence Q&A
- When was Santa founded and by whom?
- Santa was founded in December 2020 by co-founders Roee Adler and Menachem Katz.
- What is Santa's primary business model?
- Santa operates with a B2C business model, providing a curated shopping experience to consumers from various premium local and global brands.
- What was a significant operational change for Santa in late 2022?
- In December 2022, Santa ceased to operate and sacked most of its employees, as reported by CTech.
- What is Santa's total disclosed funding?
- Santa has raised a total of $13,000,000 across one Seed funding round in December 2020.
- What is Santa's current operational status?
- Santa is currently non-active, having ceased operations in December 2022.