Total amount raised
$13.1 Millions
Latest funding date
9/1/2020
Location
Snappr has successfully raised significant funding through multiple rounds, attracting a diverse group of investors including Basis Set Ventures and Yes VC. The platform offers a comprehensive suite of visual content creation services, from on-demand photoshoots to AI-driven image generation.
Keep reading to delve into the details of Snappr's funding journey and discover the key investors supporting this innovative platform.
What Is Snappr?
Snappr, founded in 2017 by Ed Kearney and Matt Schiller, is headquartered in San Francisco, California. The company specializes in providing a wide range of visual content services, including on-demand photoshoots, video shoots, and AI-driven image generation. With a team of 101-250 employees, Snappr operates the world's largest on-demand content creation network, catering to both individual and enterprise needs.
How Much Funding Has Snappr Raised?
- Angel Round
- Amount Raised: A$500K
- Date: July 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to kickstart the company's operations and development.
- Seed Round
- Amount Raised: $120K
- Date: March 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and initial expansion efforts.
- Seed Round
- Amount Raised: $2.5M
- Date: September 2017
- Lead Investors: Google Maps cofounder Lars Rasmussen, Y Combinator, Justin Waldron, Airtree Ventures, Jamie Odell
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate Snappr’s expansion across the US and enhance the Snappr platform.
- Series A
- Amount Raised: Not publicly disclosed
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at scaling operations and expanding service offerings.
- Series A
- Amount Raised: $10M
- Date: September 2020
- Lead Investors: Basis Set Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand services and enhance technology.
Total Amount Raised: $12.62M USD. Current Valuation: Not publicly disclosed.
Key Investors
- Basis Set Ventures
- Details: Basis Set Ventures is a venture capital firm based in San Francisco, known for investing in early-stage technology companies. They focus on leveraging AI and automation to transform industries.
- Investment Focus Areas: AI, automation, enterprise software.
- Notable Investments: Scale AI, Quince, Workstream.
- Yes VC
- Details: Yes VC is a venture capital firm co-founded by Caterina Fake and Jyri Engeström. The firm invests in early-stage startups with a focus on transformative technologies.
- Investment Focus Areas: Consumer internet, marketplaces, social impact.
- Notable Investments: Public Goods, Wild Type, Hipcamp.
- Y Combinator
- Details: Y Combinator is a renowned startup accelerator that has funded over 2,000 startups since its inception. It provides seed funding, mentorship, and resources to early-stage companies.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Airbnb, Dropbox, Stripe.
- Airtree Ventures
- Details: Airtree Ventures is one of Australia's largest venture capital firms, focusing on high-growth technology startups. They aim to support companies from seed to growth stages.
- Investment Focus Areas: Technology, fintech, healthtech.
- Notable Investments: Canva, Prospa, Pet Circle.
- Lars Rasmussen
- Details: Lars Rasmussen is the co-founder of Google Maps and a prominent figure in the tech industry. He has been involved in various innovative ventures and startups.
- Investment Focus Areas: Technology, mapping, innovative startups.
- Notable Investments: Google Maps, Weav Music, Where 2 Technologies.
What's Next for Snappr?
Snappr's future looks promising as it continues to expand its footprint across the U.S., targeting cities like San Diego, Seattle, Portland, and Los Angeles. The growing demand for high-quality, affordable photography services presents a significant opportunity for Snappr to capture a larger market share. With the rise of social media and the increasing importance of professional photos, Snappr is well-positioned to meet these needs.
As Snappr scales, it may seek additional funding to support its growth and market penetration. The company's successful funding rounds indicate strong investor interest, which could lead to further investments. However, Snappr will need to navigate challenges such as maintaining service quality and competing with other on-demand photography services. Ensuring customer satisfaction and managing operational logistics will be crucial as they expand to new markets.
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