Wednesday, April 14, 2021

AlleyWatch

AlleyWatch


SnackMagic Raises $15M for its Giftable Customizable Snack Service

Posted: 13 Apr 2021 09:27 AM PDT

Americans have an insatiable appetite for snacks and the idleness of the pandemic has only increased our yearning for snacks. There are countless subscription services for snack boxes and many of these companies offer gifting services to expand their market share beyond their primary customers. Recipients of a gift snack box never know what they are going to get until now. SnackMagic is a customizable snack box gifting service that allows the recipient to choose the contents of the box. All the sender needs to know is the amount they'd like to spend and the email address of the receiver. The company emerged out of a pandemic-induced pivot from a corporate lunch delivery service and is on track for a $20M ARR. SnackMagic focuses on edible gifts presently with plans to expand to meal kits, alcoholic beverages, desserts, and swag. AlleyWatch caught up with CEO and Cofounder Shaunak Amin to learn more about the company's pivot, traction, future plans, and recent round of funding led by Craft Ventures.

The AlleyWatch Startup Daily Funding Report: 4/13/2021

Posted: 13 Apr 2021 08:27 AM PDT

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 4/13/2021 featuring funding details for Vericred, The Defiant, and much more.

Q1 2021: 13 Largest Global Startup Funding Rounds

Posted: 13 Apr 2021 05:27 AM PDT

Everything you need to need to know about the largest global startup funding rounds of Q1 2021; broken down by industry, stage, investors, and more…

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