What is Snackpass?
Founded in 2017 by students at Yale University, Snackpass operates out of San Francisco, California. The platform allows users to order ahead at local eateries, bypass queues, access discounts, and send gifts to friends, all within a social framework where every order contributes to a shared experience. For merchants, Snackpass serves as a tool for organic customer referrals and enhanced engagement. The company's innovative approach to integrating social features into the food ordering process differentiates it in the competitive consumer tech landscape.
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, General Catalyst, Andrew Chen, Nas, 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 operates as a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages. The firm deploys capital strategically to back entrepreneurs and management teams pursuing ambitious visions that reshape their respective industries.
Andreessen Horowitz
Founded in 2009, Andreessen Horowitz is a private American venture capital firm that invests in both early-stage start-ups and established growth companies. The company is headquartered in Menlo Park, California.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
What's next for Snackpass?
With its recent major strategic investment, Snackpass is poised for accelerated expansion and product development. The company's focus on building a social layer around everyday transactions, coupled with its robust merchant solutions, positions it for continued scaling. Future initiatives are likely to involve enhancing user engagement features, expanding its network of restaurant partners, and potentially exploring new verticals where social commerce can drive value. The sustained backing from prominent venture capital firms indicates strong confidence in Snackpass's business model and its potential to redefine the local dining experience through technology.
See full Snackpass company page
