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

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.