About SnipSnap
SnipSnap is a company based in Philadelphia (United States) founded in 2011 was acquired by Slyce in January 2015.. SnipSnap has raised $2.5 million across 5 funding rounds from investors including Ben Franklin Technology Partners, Slyce and Ben Franklin Technology Partners. SnipSnap operates in a competitive market with competitors including Slickdeals, The Dealmap, HotUKDeals, CoupRecoup and CouponSlasher, among others.
- Headquarter Philadelphia, United States
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Snipsnap App Ltd Liability Co
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.5 M (USD)
in 5 rounds
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Latest Funding Round
$460 K (USD), Seed
Dec 23, 2013
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Investors
Ben Franklin Technology Partners
& 5 more
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Employee Count
Employee Count
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Acquired by
Slyce
(Jan 29, 2015)
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Funding Insights of SnipSnap
SnipSnap has successfully raised a total of $2.5M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $460 thousand completed in December 2013. 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 Seed — $460,000
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Seed - SnipSnap | Valuation |
investors |
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| Jul, 2013 | Amount | Seed - SnipSnap | Valuation | Ben Franklin Technology Partners |
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| Mar, 2013 | Amount | Seed - SnipSnap | Valuation |
investors |
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| 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 SnipSnap
SnipSnap has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Ben Franklin Technology Partners, Slyce and Ben Franklin Technology Partners. 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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Technology ecosystem growth is supported in Southeastern Pennsylvania.
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Founded Year | Domain | Location | |
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Investment and support are provided for Pennsylvania's tech-based companies.
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Founded Year | Domain | Location | |
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Startup accelerator
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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 SnipSnap
| 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 |
Financial Statements - SnipSnap
| 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 |
Snipsnap Comparisons
Competitors of SnipSnap
SnipSnap 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 Slickdeals, The Dealmap, HotUKDeals, CoupRecoup and CouponSlasher, 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 |
Coupons and deals are crowdsourced for online and offline purchases.
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| domain | founded_year | HQ Location |
Local deals aggregator
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| domain | founded_year | HQ Location |
Operates a crowdsourced website offering coupons and deals to help consumers save on purchases.
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| domain | founded_year | HQ Location |
Operates a peer-to-peer marketplace for coupons and deals.
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| domain | founded_year | HQ Location |
Website offering coupons, discounts, and vouchers for consumer shopping 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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Frequently Asked Questions about SnipSnap
When was SnipSnap founded?
SnipSnap was founded in 2011.
Where is SnipSnap located?
SnipSnap is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is SnipSnap a funded company?
SnipSnap is a funded company, having raised a total of $2.5M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.39M, raised on Dec 06, 2011.
What does SnipSnap do?
SnipSnap is a mobile coupon app that crowdsources coupons and deals, instead of aggregating from affiliate providers. Mobile consumers contribute to SnipSnaps database of coupons by snapping photos of printed coupons using their smartphones camera. The app then recognizes the text and images on the coupon, and makes it available to other users to discover in the app or surface via search. SnipSnap works with coupons for most major retailers and restaurants, but not grocery store coupons. Has 4 million users on iOS and Android in first 2 years and 100 million coupons used and 200 million saved. They also power mobile couponing systems for over 50 national retailers including Bed, Bath Beyond, Toys R Us, Party City, Rite Aid, Lord Taylor and others. They also provide white label solution lets retailers use SnipSnap to create all their coupons for their websites, mobile apps, SMS and email. SnipSnap won a MediaPost Appy award for the Best Finance App of 2013, and the award for Best Shopping App of 2013 by About.com.
Who are the top competitors of SnipSnap?
SnipSnap's top competitors include Slickdeals, The Dealmap and YPayFull.
Who are SnipSnap's investors?
SnipSnap has 6 investors. Key investors include Ben Franklin Technology Partners, Slyce, Ben Franklin Technology Partners, Michael Rubin, and Chris Saridakis.
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