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Snapcommerce, Message-Driven Mobile Commerce Platform, Raises $85M USD in Funding Led by Inovia Capital and Lion Capital

Snapcommerce, Message-Driven Mobile Commerce Platform, Raises $85M USD in Funding Led by Inovia Capital and Lion Capital

03/04/21, 2:39 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgtoronto
Money raised
$85 million
Snapcommerce, the message-driven mobile commerce platform that connects price-conscious consumers to the best promotions on mobile, announced today it has closed an $85M USD growth round to bring total capital raised to over $100M USD. The round was co-led by Inovia Capital and Lion Capital with participation from Acrew DCF, Thayer Ventures and Full In Partners, and included existing investors Telstra Ventures and Bee Partners. Snapcommerce will use the investment to expand into new consumer verticals executing its broader vision of improving the way people shop on their phones.

Company Info

Company
Snapcommerce
Location
toronto, ontario, canada
Additional Info
Snapcommerce is a message-driven commerce platform that uses AI to connect price-conscious consumers to the best promotions on mobile. Snapcommerce is on track to cross over $1 billion in total mobile sales in 2021. The company’s flagship product, Snaptravel, provides great travel deals over SMS, Messenger, and WhatsApp. Snapcommerce was co-founded by serial entrepreneur Hussein Fazal and former Google engineer Henry Shi. For more information, visit www.snapcommerce.com and www.snaptravel.com.