What is SNAP IT?
SNAP IT operates as a specialized on-demand delivery platform tailored for the construction and trade services market. By digitizing the procurement process, the company enables tradespeople to source materials instantly, effectively eliminating the downtime associated with traditional supply runs. This ecosystem not only empowers contractors to increase their job completion rates and annual earnings but also provides partnered retailers with a new, high-velocity revenue channel. The platform serves as a vital intermediary, transforming how materials are moved from warehouse to job site, thereby enhancing the overall efficiency of the repair and maintenance economy.
How much funding has SNAP IT raised?
SNAP IT has raised a total of $2.1M across 1 funding round:
Angel/Seed
$2.1M
Angel/Seed (2022): $2.1M with participation from ActivumSG Ventures, Life Ventures, and Fom Capital Group
Key Investors in SNAP IT
ActivumSG Ventures
A venture capital firm focused on identifying and scaling high-growth opportunities within the real estate and construction technology sectors.
Life Ventures
Life Ventures Inc is a company that operates in the Investment Banking industry. It employs 10to19 people and has 5Mto10M of revenue. The company is headquartered in Woodland Hills, Utah.
Fom Capital Group
Fom Capital Group is a local real estate investment company based in Dallas-Fort Worth that specializes in buying and selling single-family homes, small multifamily properties, raw land, and mobile home parks.
What's next for SNAP IT?
With this major enterprise-level funding, SNAP IT is poised to accelerate its market penetration and scale its logistics network. The strategic focus will likely center on expanding its geographic footprint and deepening integrations with major retail partners to ensure a seamless, real-time inventory experience. As the company matures, the emphasis will shift toward optimizing its proprietary routing algorithms and expanding its service offerings to encompass a broader range of construction materials. By maintaining its focus on the tradesperson's workflow, SNAP IT is well-positioned to become the standard operating system for construction logistics, driving long-term value for both its retail partners and the end-user base.
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