Snap! Mobile operates a digital fundraising platform serving schools, sports teams, clubs, and other organizations. The company provides a full suite of software solutions for account disbursements, scheduling, internal and external communications, fan engagement, and team stores. Snap! emphasizes safety and efficiency while prioritizing student and athlete success and community engagement. To date the platform has helped raise over $900 million for 125,000+ groups and teams and serves more than 12.5 million participants and donors. With new capital the company plans to expand and enhance its platform and broaden its customer base to support more organizations and extracurricular activities. Snap! Mobile Inc., founded in 2014 and based in Seattle, operates Snap Raise, a digital fundraising platform for high-school teams, clubs and activity groups. The platform powers more than 15,000 schools and organizations, 48,000 teams, groups and clubs, and over 2.5 million artists and athletes. The company recently closed a $90M financing to accelerate product development. Snap! Mobile intends to use the proceeds to build new program and financial management software tailored to high school arts and athletic programs and to create and launch new financial technologies. Led by CEO Cole Morgan, the company will continue to invest and innovate in the fundraising space while building a comprehensive technology platform to help administrators budget, track and manage programs. That comprehensive platform is set to be released in 2022. Snap! Raise develops data-driven software that enables extracurricular high-school groups and school programs to fundraise securely online using direct asks, technology, and video. The company assigns fundraising experts to every campaign and emphasizes a proprietary process and security features to differentiate from other online fundraising tools. It has facilitated fundraisers for more than 60,000 educational and extracurricular programs across all 50 states, has served more than one million kids, and reports that groups using its platform have collectively raised over $400 million. Snap! Raise has expanded into adjacent business lines including Snap! Shop, an e-commerce apparel arm, and Snap! Advance, a product for higher education that Columbia University used to set a single-day giving record. The four-year-old, Seattle-based company has experienced rapid growth — named 46th on Deloitte’s Technology Fast 500 with a 2,993% revenue increase from 2014 to 2017 — and it says it expects 54 million users next year. The company bootstrapped until late last year, has roughly 400 employees with about 130 in its South Lake Union office and more than 250 field sales representatives, and expects headcount to continue growing.

Total raised

$113M

Funding rounds

3

Latest round

Equity

Latest activity

Nov 2024