Snappy series ggv capital1/22/2024 VC Predictions: Cybersecurity Consolidation Will Continue in 2024-But Not at the Expense of Innovation | GGV Capital U.S. On Wednesday, the New York City-based gifting platform announced it has lassoed a 70 million Series C funding raise-led by GGV Capital, with participation. We’ve already seen some of the largest cybersecurity companies in the world, including CrowdStrike and Palo Alto Networks, look to startups for critical, transformative tools. Restaurant SaaS platform Snappy snaps up Series A funding News Briefs 12. Ten Coves Capital led the round and was joined by investors including Centana. Oren Yunger and Dan Cahana explain why mergers and acquisitions will drive more innovation in the cybersecurity space.ġ️⃣ Cybersecurity is a unique market: For the most part, security budgets don’t appear to be shrinking-in fact, many expect that expenses will increase in the coming years as new security challenges arise.Ģ️⃣ Innovation doesn’t have to end with an acquisition: Acquirers are incentivized to help these startups scale rather than let acquired products stagnate.ģ️⃣ Acquirers are still willing to pay a premium for top technology: For the biggest players in cybersecurity, now is an ideal time to fill any tech gaps with an acquisition. Arteria AI secures 30m in GGV Capital-led Series B financing. Snappy, which raised 70 million from investors led by GGV Capital. © Copyright of Globes Publisher Itonut (1983) Ltd.□Next up on our #BigIdeas2024 series: □️Cybersecurity Published by Globes, Israel business news - en.il - on May 27, 2021 Preview Thumbnail Hans Tung, managing partner at GGV Capital, whose portfolio includes the likes of Affirm, Airbnb, Coinbase, Peloton, Slack, StockX, TikTok and Wish, will join Snappy’s board. Snappy’s clients also have access to real-time recipient feedback and gift insights to help understand the impact of their programs. The platform can be integrated with human resources platforms to trigger automated gift sends for occasions like employees birthdays or work anniversaries. GGV Capital is a global venture capital firm focused on multi-stage, sector-focused investments. Global venture capital firm that invests in local founders. Snappy's platform offers gifts from top brands and retailers, picked using a proprietary gift-trends algorithm and real-time stock availability. GGV Capital 52,381 followers on LinkedIn. Companies in the US spend more than $125 billion on gifts for both employees and customers, with a further $375 billion spent by individuals. Snappy is headquartered in New York with its development center in Tel Aviv. Snappy, an eCommerce gifting platform, wrapped up a 70 million Series C funding round, bringing the firm’s overall funding to in excess of 100 million. 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. Goldstein said, "Our customers are looking for innovative and effective ways to show appreciation for their employees in an increasingly digital world. The company says that revenue has grown 800% over the past year. Snappy has over 1,000 enterprise customers including Microsoft, Adobe, Comcast, and Uber, and has sent more than 1 million gifts in the last six months alone. This latest investment round was led by GGV Capital with participation from existing investors 83North, Saban Ventures and Hearst Ventures. The company, which was founded in 2015 by CEO Hani Goldstein and Dvir Cohen, has developed a gifting platform to make it simple to digitally send personal gifts. Snappy, a gifting platform, has completed a 70 million Series C funding round, bringing total funding for the company to over 100 million. Snappy, a gifting platform, has completed a 70 million Series C funding round, bringing total funding for the company to over 100 million. Israeli corporate gift co Snappy raises $10m
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