What is Snappt?
Snappt's innovative Applicant Trust Platform is designed to detect altered documents and rigorously verify essential tenant information, including income, identity, and rental history. The recent integration of Trigo's capabilities further enhances Snappt's offering by directly incorporating rental payment history verification, a highly sought-after feature by property managers. This strategic expansion solidifies Snappt's position as a comprehensive solution for ensuring applicant trust and streamlining the leasing process.
How much funding has Snappt raised?
Snappt has raised a total of $150M across 2 funding rounds:
Series A
$100M
Debt
$50M
Series A (2022): $100M with participation from Insight Partners
Debt (2025): $50M led by Hercules Capital
Key Investors in Snappt
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies. Their platform supports portfolio companies in scaling their operations and achieving market leadership.
Hercules Capital
Hercules Capital is a specialty finance company providing venture growth loans to innovative, venture capital-backed companies across technology, life sciences, and sustainable industries. They focus on supporting high-growth businesses.
What's next for Snappt?
With substantial enterprise-level funding and a recent strategic investment, Snappt is poised for accelerated growth and market expansion. The company's focus on combating leasing fraud and enhancing applicant verification through advanced technology positions it favorably within the proptech industry. Future developments are likely to center on further platform enhancements, broader adoption by multifamily housing providers, and potential strategic partnerships to broaden its reach and impact in mitigating rental application risks.
See full Snappt company page
