- Companies
- Snap! Mobile
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
Elysian Park Ventures
Runway Growth Finance
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2024 | Undisclosed stage | Runway Growth Finance (lead) | $23M | Snap! 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 2021 | Series B | Elysian Park Ventures (lead) | $90M | Snap! 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | Omaha, NE | Chicago, IL |
| Deal Date | 21 Mar 2023 | 29 Apr 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Snap! Mobile acquisitions and their M&A valuation multiples. Start Free Trial | ||
Snap! Mobile Competitors
Snap! Mobile competitors include listed companies like Duolingo, Bending Spoons, Kakao and Match Group, and private ones like ByteDance and Telegram.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1B | $152M | $6.9B | 4.9x | ||
| Private | $186B | - | $480B | 2.6x | ||
| Private | - | - | $30B | - | ||
| Publicly listed | $2.6B | $520M | $24B | - | ||
| Publicly listed | $5.9B | $1.1B | $11B | 0.9x | ||
| Publicly listed | $3.5B | $939M | $10B | 3.7x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $201B | $104B | 8.8x | 7.4x | 17.0x | 12.7x | |||
| $6.3B | $1.4B | 7.8x | 5.0x | 36.3x | 19.2x | |||
| $2.6B | $520M | 11.0x | - | 54.9x | - | |||
| $5.9B | $1.1B | 0.9x | 0.9x | 4.8x | 4.1x | |||
| $3.5B | $939M | 3.7x | 3.7x | 13.9x | 10.0x | |||
| $4.8B | $1.4B | 2.4x | 2.3x | 8.1x | 10.4x | |||
| $4.9B | $563M | 1.0x | 0.8x | 8.8x | 5.6x | |||
| $708M | $58M | 11.7x | 10.1x | 143.3x | 101.3x | |||
This data is available for Pro users. Sign up to see all Snap! Mobile competitors and their valuation data. Start Free Trial | ||||||||
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. |
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