Snappy raises $25m in Series D financing led by Qumra Capital as valuation halved

Israeli startup Snappy has completed a $25 million Series D financing round led by Qumra Capital, resulting in a total amount raised by the company to $130 million. The financing round was completed at a company valuation of $180-200 million, indicating the maturity of the entrepreneurs to adjust the valuation to the changes in the capital and private markets.