About SnappCar
SnappCar is a company based in Utrecht (Netherlands) founded in 2011 was acquired by AutoBinck in April 2024.. SnappCar has raised $22.1 million across 5 funding rounds from investors including Europcar, European Union and Q8. SnappCar has completed 2 acquisitions, including FlexiDrive.se and MinBil. SnappCar offers products and services including SnappCar App and Car Rental Service. SnappCar operates in a competitive market with competitors including Getaround, ParkFlyRent and CommShare, among others.
- Headquarter Utrecht, Netherlands
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.1 M (USD)
in 5 rounds
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Latest Funding Round
$8.75 M (USD), Series A
Sep 27, 2019
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Investors
Europcar
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
FlexiDrive.se
& 1 more
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Acquired by
AutoBinck
(Apr 23, 2024)
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Products & Services of SnappCar
SnappCar offers a comprehensive portfolio of products and services, including SnappCar App and Car Rental Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for renting cars from nearby owners with insurance and support.
Service for booking vehicles for daily, weekend, or moving needs.
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Funding Insights of SnappCar
SnappCar has successfully raised a total of $22.1M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $8.75 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $8.8M
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First Round
First Round
(20 Nov 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series A - SnappCar | Valuation | Tango , Q8 |
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| Nov, 2017 | Amount | Grant - SnappCar | Valuation |
investors |
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| Jun, 2017 | Amount | Series A - SnappCar | Valuation | Europcar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SnappCar
SnappCar has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Europcar, European Union and Q8. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Petroleum products are supplied by Tango in the Netherlands.
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Founded Year | Domain | Location | |
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Petroleum products are refined and marketed internationally by Q8.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SnappCar
SnappCar has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include FlexiDrive.se and MinBil. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform offering car advice, tips, and information for vehicle owners.
|
2013 | ||||
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P2P car sharing platform is operated online for European users.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SnappCar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Snappcar Comparisons
Competitors of SnappCar
SnappCar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Getaround, ParkFlyRent and CommShare, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based peer-to-peer carsharing platform
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| domain | founded_year | HQ Location |
Peer-to-peer car sharing for airport parking and rentals is enabled.
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| domain | founded_year | HQ Location |
Sustainable electric car sharing platform for business mobility and transport needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Snappcar
Frequently Asked Questions about SnappCar
When was SnappCar founded?
SnappCar was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is SnappCar located?
SnappCar is headquartered in Utrecht, Netherlands.
Is SnappCar a funded company?
SnappCar is a funded company, having raised a total of $22.1M across 5 funding rounds to date. The company's 1st funding round was a Series A of $11.21M, raised on Nov 20, 2015.
What does SnappCar do?
Founded in 2011 and based in Utrecht, Netherlands, SnappCar operates as a peer-to-peer platform in the car-sharing sector. Car owners are connected with potential renters through listings, while users can search, compare, and book vehicles. The service facilitates direct rentals between individuals, focusing on accessible transportation options within the Netherlands. Operations emphasize digital matching and transaction handling for both parties involved.
Who are the top competitors of SnappCar?
SnappCar's top competitors include Getaround, ParkFlyRent and CommShare.
What products or services does SnappCar offer?
SnappCar offers SnappCar App and Car Rental Service.
How many acquisitions has SnappCar made?
SnappCar has made 2 acquisitions, including FlexiDrive.se, and MinBil.
Who are SnappCar's investors?
SnappCar has 6 investors. Key investors include Europcar, European Union, Q8, Tango NL, and AutoBinck.
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