Company Overview
Snapshot
Founded in July 2015 by Hani Goldstein and Dvir Cohen, Snappy Gifts operates with 201–500 employees. The company has raised $130 million across 4 funding rounds from 6 investors. In January 2025, Snappy Gifts acquired Covver, a strategic move to enhance its corporate gifting platform.
Business overview
Snappy Gifts provides a corporate gifting platform designed to simplify the process of sending gifts to employees, clients, and partners. Its core technology enables businesses to select personalized gifts from a curated catalog, including electronics, home goods, and wellness products, with recipients having the option to choose their preferred item or a gift card. The company operates within the Media & Entertainment Technologies sector, aiming to deliver a thoughtful and hassle-free gifting experience for businesses and their recipients.
Strategic signal
In January 2025, Snappy Gifts acquired Covver, a move that signals the company's intent to expand its platform capabilities and market reach. This acquisition suggests a strategic focus on integrating new technologies or services to enhance its corporate gifting offerings, potentially strengthening its competitive position and value proposition for businesses seeking comprehensive gifting solutions.
Company Intelligence Q&A
- What was a significant strategic development for Snappy Gifts in early 2025?
- In January 2025, Snappy Gifts acquired Covver, a strategic move to expand its corporate gifting platform capabilities.
- What was the total capital raised by Snappy Gifts?
- Snappy Gifts has raised a total of $130 million across 4 funding rounds.
- What was the focus of Snappy Gifts' product development in August 2023?
- In August 2023, Snappy Gifts introduced a personal gifting plugin for ChatGPT, integrating AI into its platform to enhance the gifting experience.
- Did Snappy Gifts undergo any workforce changes in early 2023?
- In January 2023, Snappy Gifts reduced its workforce by 30%, impacting approximately 100 employees.