What is Snackpass?
Founded in 2017 by students at Yale University and headquartered in San Francisco, California, Snackpass differentiates itself in the crowded restaurant ordering market through its inherently social approach. The platform allows consumers to order ahead, bypass lines, access discounts, and send gifts to friends, with every order contributing to a social experience. For merchants, Snackpass serves as a powerful tool for organic customer acquisition and engagement, fostering a community around local dining establishments. The company's innovative model has attracted substantial backing, positioning it for expansion and enhanced feature development.
How much funding has Snackpass raised?
Snackpass has raised a total of $91M across 2 funding rounds:
Series A
$21M
Series B
$70M
Series A (2019): $21M with participation from Larry Fitzgerald, Inspired Capital, Nas, General Catalyst, Andrew Chen, Michael Ovitz, and Y Combinator
Series B (2021): $70M led by Craft Ventures, Andreessen Horowitz, Y Combinator, and General Catalyst
Key Investors in Snackpass
General Catalyst
General Catalyst is a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages, backing entrepreneurs pursuing ambitious visions.
Y Combinator
Y Combinator is a startup accelerator that provides seed funding for businesses and helps them gauge investor interest.
Craft Ventures
Craft Ventures is a venture firm specializing in B2B technology, comprised of former founders and operators providing valuable insights and access to senior talent for early-stage companies.
What's next for Snackpass?
The recent major strategic investment in Snackpass signals a pivotal phase for the company, likely focused on scaling its operations, expanding its merchant network, and further developing its social features. With a clear emphasis on organic referrals and community building, Snackpass is poised to deepen its market penetration. Future initiatives may include enhancing loyalty programs, integrating more social functionalities, and potentially exploring new verticals within the broader food and beverage industry. This strategic financing will empower Snackpass to solidify its position as a leader in social commerce for restaurants.
See full Snackpass company page
