Snackpass, a San Francisco, CA-based provider of an app to order food, raised $21M in Series A funding.
The round, which brought total funding to date to $23.7M, was led by Andreessen Horowitz, with participation from First Round, General Catalyst, YCombinator and Inspired Capital, who joined angel investors Nas, Larry Fitzgerald, and Michael Ovitz.
The company intends to use the funds to scale its business to 100 campuses across the United States and build out their engineering and business strategy teams.
Founded in 2017 by Kevin Tan (CEO), Jamie Marshall (COO), and Jonathan Cameron (Head of Sales) at Yale University, Snackpass provides a mobile app that allows anyone to order food ahead of time to pick up at local restaurants. With every order, users earn rewards for themselves and to share with friends. In addition to focusing on individual users, Snackpass offers Meal Plan options, allowing campus organizations like athletic teams, sororities and fraternities, as well as parents who don’t use the app themselves the opportunity to load credit into a student’s Snackpass account.
The company works with local restaurants and franchise owners, allowing these small businesses to manage the rush during peak hours and serve more customers, and to access to marketing tools and analytics to reach and retain a highly engaged and loyal customer base.
Restaurants can also partner with Snackpass to offer special promotions or flash sales to attract new customers, and track their engagement with the establishment long-term.
The company has more than 20 employees.
FinSMEs
20/12/2019