Snap! Mobile Funding, Investors & Competitors

Snap! Mobile has raised $113M across 2 funding rounds, most recently a $23M undisclosed-stage round in November 2024.

Last Snap! Mobile funding round

$23M

Undisclosed stage · Nov 2024

Cumulative funding Snap! Mobile raised

$113M

across 2 funding rounds

Key investors in Snap! Mobile

Snap! Mobile Overview

About Snap! Mobile

Snap! Mobile, operating as Snap! Raise, is a mobile fundraising platform that enables coaches, athletic directors, and school program leaders to raise funds for youth sports, band, and extracurricular activities. Headquartered in Bethel, Connecticut, the company processes donations via text-to-donate features, peer-to-peer campaigns, and event ticketing. Launched in 2016, Snap! Raise supports over 20,000 teams across the United States and Canada with integrated tools for donor management and auction hosting.


Founded

2013

HQ

United StatesSeattle, WA

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Snap! Mobile Funding History

Snap! Mobile has raised a total of $113M across 2 funding rounds.

Snap! Mobile's first fundraising round was a $90M Series B in August 2021. The most recent completed round was a $23M undisclosed-stage round in November 2024.

Snap! Mobile funding rounds

Snap! Mobile funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2024Undisclosed stageRunway Growth Finance (lead)$23MSnap! Mobile is a leading fundraising platform for schools and organizations, enabling them to raise funds for high school athletics, sports teams, groups, clubs, and extracurricular activities. The company offers a comprehensive suite of software solutions including account management, scheduling, communications, fan engagement, and an integrated team store, simplifying digital fundraising and enhancing operational management for athletic directors, coaches, and leaders. On November 13, 2024, Snap! Mobile secured a $23 million growth capital commitment from Runway Growth Capital, a provider of minimally dilutive venture debt to late-stage and growth companies. Runway Growth Finance led the investment, which will support platform expansion, innovation, customer base growth, and the mission to ensure access to athletics and activities for young people. CEO Cole Morgan highlighted Runway's support in driving the company's vision forward. This funding aligns with Runway's strategy as a strategic partner offering flexible financing and expertise, distinct from equity raises.
Aug 2021Series BElysian Park Ventures (lead)$90MSnap! Mobile Inc., the parent company of Snap Raise, closed a $90M financing round on August 31, 2021, led by Elysian Park Ventures, the private investment arm affiliated with the Los Angeles Dodgers ownership group. This was the company's second funding round to date. Snap Raise operates as the nation's largest and most secure digital fundraising platform for high school teams, clubs, and activity groups, with 48,000 teams, groups, and clubs using the platform to collectively raise over $430 million to date. Since 2014, Snap! Mobile has worked with more than 15,000 unique schools and organizations nationwide. The funding will accelerate the development of new program and financial management software tailored for high school arts and athletic programs, enable the launch of new financial technologies, and support exploration of point solutions for customer needs. The company aims to build the first comprehensive platform to help teams, groups, schools, and districts fund, manage, and create impactful youth programs, including tools for administrators and athletic directors to track, budget, and manage spending at school and district levels. CEO indicated plans to pursue acquisitions with the capital. Elysian Park Ventures invests in companies at the intersection of sports, technology, and entertainment, providing strategic, operational, and management resources through initiatives like the Global Sports Venture Studio, Robin, and Breakaway Data. The firm highlighted Snap! Mobile's potential to unify the fractured high school sports and activities space with innovative infrastructure benefiting schools, coaches, families, and kids.

Who has invested in Snap! Mobile?

2 investors have backed Snap! Mobile across its funding rounds, including Elysian Park Ventures and Runway Growth Finance.

Lead investors include Runway Growth Finance and Elysian Park Ventures.


Snap! Mobile Investors

Investors in Snap! Mobile by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Snap! Mobile

Snap! Mobile has acquired 2 companies to date.

Last acquisition by Snap! Mobile was on March 21st 2023. Snap! Mobile acquired From Now On for undisclosed valuation.


Latest Acquisitions by Snap! Mobile

From Now On
CNXT Digital
Description
From Now On is a mobile technology provider for sports and entertainment organizations in North America. The company develops fan engagement platforms that facilitate ticket sales, live event updates, merchandise purchases, and interactive experiences through custom applications.
CNXT Digital is a Lombard, Illinois-based platform providing school districts with tools for family engagement, two-way communication, and program management. It facilitates parent-teacher messaging, event registrations, volunteer coordination, and attendance tracking through web and mobile interfaces. CNXT Digital serves public schools in the Midwest, promoting equitable access for multilingual families.
HQ CountryUnited StatesUnited States
HQ City
Omaha, NE
Chicago, IL
Deal Date21 Mar 202329 Apr 2022
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Snap! Mobile Competitors

Snap! Mobile competitors include listed companies like Duolingo, Bending Spoons, Kakao and Match Group, and private ones like ByteDance and Telegram.

Public and private companies comparable to Snap! Mobile
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DuolingoUnited StatesUnited StatesPublicly listed$1B$152M$6.9B4.9x
ByteDanceChinaBeijingPrivate$186B-$480B2.6x
TelegramUAEDubaiPrivate--$30B-
Bending SpoonsItalyItalyPublicly listed$2.6B$520M$24B-
KakaoSouth KoreaSouth KoreaPublicly listed$5.9B$1.1B$11B0.9x
Match GroupUnited StatesUnited StatesPublicly listed$3.5B$939M$10B3.7x

Snap! Mobile Public Comps

Snap! Mobile is still privately-owned, but its public comps include Meta, Rocket Companies, Bending Spoons, Kakao, Match Group, Pearson, New Oriental Education, PB Fintech, Kunlun and Duolingo.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B8.8x7.4x17.0x12.7x
Rocket Companies$6.3B$1.4B7.8x5.0x36.3x19.2x
Bending Spoons$2.6B$520M11.0x-54.9x-
Kakao$5.9B$1.1B0.9x0.9x4.8x4.1x
Match Group$3.5B$939M3.7x3.7x13.9x10.0x
Pearson$4.8B$1.4B2.4x2.3x8.1x10.4x
New Oriental Education$4.9B$563M1.0x0.8x8.8x5.6x
PB Fintech$708M$58M11.7x10.1x143.3x101.3x

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Common questions about Snap! Mobile

When was Snap! Mobile founded?Snap! Mobile was founded in 2013.
Where is Snap! Mobile headquartered?Snap! Mobile is headquartered in Seattle, WA, United States.
Is Snap! Mobile publicly listed?No, Snap! Mobile is a private, VC-backed company.
How much funding has Snap! Mobile raised?Snap! Mobile has raised $113M across 2 funding rounds.
What was Snap! Mobile's last funding round?Snap! Mobile's last funding round was a $23M undisclosed-stage round in November 2024, led by Runway Growth Finance.
Who are Snap! Mobile's investors?Snap! Mobile's investors include Runway Growth Finance and Elysian Park Ventures.
Which companies are comparable to Snap! Mobile?Companies comparable to Snap! Mobile include Duolingo, ByteDance, Telegram, Bending Spoons, Kakao and Match Group.
How many companies has Snap! Mobile acquired?Snap! Mobile has acquired 2 companies, including From Now On and CNXT Digital.

See companies similar to Snap! Mobile

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