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).