Snap! Mobile Closes $90M Financing

cole morgan
Cole Morgan, CEO, Snap! Mobile Inc.

Snap! Mobile Inc., the Seattle, WA-based parent organization of Snap Raise, a digital fundraising platform for high school teams, clubs and activity groups, raised $90M in its second funding.

The round was led by Elysian Park Ventures, the private investment arm affiliated with the ownership group of the Los Angeles Dodgers.

The company intends to use the funds to accelerate the creation of new program and financial management software built specifically to support high school arts and athletic programs and to create and launch new financial technologies.

Since its founding in 2014, Snap! Mobile Inc. has built a digital fundraising platform, Snap Raise, which powers more than 15,000 individual schools and organizations, 48,000 teams, groups and clubs and more than 2.5 million artists and athletes in schools and organizations nationwide

Over the next few months, Snap! Mobile, led by Cole Morgan, CEO, will continue to invest and innovate in the fundraising space while building a comprehensive technology platform to enable school administrators, athletic and arts directors, principals, and financial officers to budget, track and manage every aspect of their programs. It is set to be released in 2022.

FinSMEs

01/09/2021