Snackpass, a San Francisco, Calif.-based social e-commerce platform for restaurants, raised $70m in Series B funding.
The round was led by Craft Ventures with participation from Andreessen Horowitz, General Catalyst, and
Y Combinator, as well as:
● AirAngels, the Airbnb alumni investor syndicate
● Bastian Lehmann, Founder/CEO of Postmates
● David Grutman, hospitality entrepreneur
● Draymond Green of the Golden State Warriors
● Gaingels
● HartBeat Ventures, Kevin Hart’s venture fund
● Jonas Brothers, Musicians
● Pags Group, the family office of the Boston Celtics co-owner Stephen Pagliuca
● Shrug Capital
● Steve Aoki, DJ, record producer, music programmer, and philanthropist
● Turner Novak of Banana Capital
● William Barnes of Moving Capital, the Uber alumni investor syndicate
The company plans to use the funding to grow its team, specifically its engineering and sales divisions, and expand beyond initial target markets of college towns to bigger cities including New York City, Los Angeles, D.C., Austin, Miami, San Francisco, and Chicago. Existing markets including New Haven, CT; Ann Arbor, MI; and Berkeley, CA will receive additional resources and on-the-ground support.
Founded in 2017 by Kevin Tan and Jamie Marshall, Snackpass provides restaurants with tools to digitize and directly connect with customers including a smartphone app, online ordering facilitation, loyalty program, and more. The company enables its users to order food and drinks online from their favorite restaurants and engage with friends through fun features such as shared rewards, gifting, group ordering, and even raising cute animated chickens together.
More than 500,000 people across 13 markets, primarily college towns, use it to order ahead at their favorite restaurants and get rewards and deals with friends.
FinSMEs
23/06/2021