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SnackMagic Secures $15 Million to Scale Personalized Snack Box Company
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NEW YORK, April 9, 2021 /PRNewswire/ -
SnackMagic, the first build-your-own gift box platform, today announced it raised $15 million in Series A funding, led by Craft Ventures, with participation from Luxor Capital. The new funding will help SnackMagic build warehouse capacity and logistics support for its growing line of products: Over the next 9 months, the company plans to diversify its build your own box concept into new product categories like meal kits, alcoholic beverages, dessert treats, and non-edible gifts like swag and gift baskets. With Toyota, Microsoft, Okta, Fidelity, Amazon, Google, Spotify, Harvard, Stanford, Virginia Tech, MIT, and Princeton already signed on as customers, SnackMagic s new funding will help it scale to meet growing demand.