20 December 2019:
Snackpass has raised $21 million in Series A round of funding. The funding round was led by Andreessen Horowitz. First Round, General Catalyst, Y Combinator and Inspired Capital also participated in the funding round.
The company will use the fresh capital to to scale the business to 100 college campuses over the next two years, and build out their engineering and business strategy teams.
Kevin Tan, co-founder and CEO, Snackpass, said, “Eating is an inherently social experience, whether you’re grabbing a smoothie with a friend or checking out a new lunch spot a coworker recommended. On Snackpass, we don’t want our platform to be just about the utility of ordering food – we want to make it a magical, social experience for our users.”
Kevin Tan, added, “One of our users once tweeted, ‘at Yale we don’t say I love you, we send each other gifts on Snackpass.’ We’ve been excited to see Snackpass take off fueled by organic growth, and this round of funding will help to scale and reach entirely new markets in the coming months.”
Andrew Chen, General Partner at Andreessen Horowitz, said, “The Snackpass team has an intuitive sense for what resonates with their audience, and has frankly just made the app really fun to use. In doing so, they’ve created a user base that bypasses other apps to use Snackpass every day. And restaurants are noticing and seeing the results.”
Snackpass was founded by Kevin Tan, Jamie Marshall, and Jonathan Cameron in 2017. It is an app allows anyone to order food ahead of time to pickup at local restaurants.
(Image – Snackpass)