Emerging and High Growth Companies

Snapcommerce in its US$85 million financing round

Snapcommerce
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Alexandra Alacchi

Associate, Corporate, Toronto

Andrew Irwin

Associate, Emerging and High Growth Companies, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

 

On March 4, 2021, Snapcommerce announced it had completed its US$85 million financing round. The funding was co-led by Inovia Capital through its Growth Find I and by Lion Capital. The growth financing will allow Snapcommerce to expand beyond the travel space and invest in its broader mobile commerce play, with the goal of launching a number of brands under the Snap banner. The funding will also be used to grow the startup’s team.

Snapcommerce is a Toronto based software firm specializing in its message driven platform that uses AI to connect customers to promotions.

Osler, Hoskin & Harcourt LLP advised Snapcommerce with a team consisting of Chad Bayne, Justin Dharamdial, Andrew Irwin, Isaac da Silva Aboo (Emerging and High Growth Companies), Alexandra Alacchi (Corporate), Jennifer Lee, Christopher Sheridan, and Andrew Granek (Taxation).

Value
US$85 million
Date Closed
March 4, 2021
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Alexandra Alacchi

Associate, Corporate, Toronto

Andrew Irwin

Associate, Emerging and High Growth Companies, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto