Runway Growth Capital Provides $23 Million Growth Investment to Snap! Mobile
Runway Growth Capital has announced a $23 million growth capital commitment to Snap! Mobile, a leading fundraising platform for schools and organizations. Snap! has helped raise over $900M for 125,000+ groups and teams, reaching 12.5M+ participants and donors. The platform provides comprehensive software solutions for athletic directors and coaches, including account disbursements, scheduling, communications, and team store management. The funding will enable Snap! to expand its digital platform and support more schools in their fundraising efforts.
Runway Growth Capital ha annunciato un verso Snap! Mobile, una delle principali piattaforme di raccolta fondi per scuole e organizzazioni. Snap! ha contribuito a raccogliere oltre 900 milioni di dollari per più di 125.000 gruppi e squadre, raggiungendo più di 12,5 milioni di partecipanti e donatori. La piattaforma offre soluzioni software complete per direttori atletici e allenatori, inclusi i pagamenti degli account, la programmazione, la comunicazione e la gestione dei negozi delle squadre. Il finanziamento permetterà a Snap! di espandere la sua piattaforma digitale e supportare più scuole nei loro sforzi di raccolta fondi.
Runway Growth Capital ha anunciado un compromiso de capital de crecimiento de 23 millones de dólares hacia Snap! Mobile, una de las principales plataformas de recaudación de fondos para escuelas y organizaciones. Snap! ha ayudado a recaudar más de 900 millones de dólares para más de 125.000 grupos y equipos, alcanzando a más de 12,5 millones de participantes y donantes. La plataforma proporciona soluciones de software completas para directores atléticos y entrenadores, incluyendo desembolsos de cuentas, programación, comunicación y gestión de tiendas de equipos. La financiación permitirá a Snap! expandir su plataforma digital y apoyar a más escuelas en sus esfuerzos de recaudación de fondos.
Runway Growth Capital는 Snap! Mobile에 2300만 달러의 성장 자본 약속을 발표했습니다. Snap!은 학교와 조직을 위한 주요 모금 플랫폼으로, 12만5천 개 이상의 그룹과 팀을 위해 9억 달러 이상을 모금했습니다. 이 플랫폼은 운동 감독과 코치를 위한 종합 소프트웨어 솔루션을 제공하며, 계좌 지급, 일정 관리, 커뮤니케이션 및 팀 상점 관리 등을 포함합니다. 이번 자금 조달은 Snap!이 디지털 플랫폼을 확장하고 더 많은 학교를 지원하여 모금 노력을 돕는 데 기여할 것입니다.
Runway Growth Capital a annoncé un engagement de capital de croissance de 23 millions de dollars envers Snap! Mobile, une plateforme de collecte de fonds de premier plan pour les écoles et les organisations. Snap! a aidé à lever plus de 900 millions de dollars pour plus de 125 000 groupes et équipes, atteignant plus de 12,5 millions de participants et donateurs. La plateforme propose des solutions logicielles complètes pour les directeurs sportifs et les entraîneurs, y compris les paiements de compte, la planification, les communications et la gestion des boutiques d'équipe. Ce financement permettra à Snap! d'élargir sa plateforme numérique et de soutenir davantage d'écoles dans leurs efforts de collecte de fonds.
Runway Growth Capital hat eine Kapitalzusage in Höhe von 23 Millionen Dollar an Snap! Mobile bekannt gegeben, eine führende Fundraising-Plattform für Schulen und Organisationen. Snap! hat über 900 Millionen Dollar für mehr als 125.000 Gruppen und Teams gesammelt und mehr als 12,5 Millionen Teilnehmer und Spender erreicht. Die Plattform bietet umfassende Softwarelösungen für Sportdirektoren und Trainer, einschließlich Kontenauszahlungen, Terminplanung, Kommunikation und Team-Shop-Management. Die Finanzierung wird es Snap! ermöglichen, seine digitale Plattform zu erweitern und mehr Schulen bei ihren Fundraising-Bemühungen zu unterstützen.
- Successfully raised over $900M for 125,000+ groups and teams
- Extensive reach with 12.5M+ participants and donors
- Secured $23M growth capital investment for expansion
- None.
Insights
The
The investment aligns with Runway Growth Capital's portfolio strategy of backing revenue-generating companies with established market presence. The education technology sector's steady growth and Snap!'s comprehensive software suite for athletic programs suggest potential for stable returns. The deal's structure also indicates confidence in Snap!'s ability to generate sufficient cash flow to service the debt.
The digital fundraising market for education shows significant growth potential, with Snap! Mobile's impressive reach of 12.5M+ participants and donors validating the market opportunity. The platform's expansion beyond basic fundraising into comprehensive athletic department management software creates multiple revenue streams and increases customer stickiness.
The investment timing is strategic, as schools increasingly seek efficient digital solutions for budget management and fundraising. Snap!'s established market leadership and comprehensive platform approach positions it well against potential competitors. For RWAY investors, this represents a calculated investment in a sector with strong fundamentals and clear growth drivers.
The funding will enable Snap! Mobile to cement its market leadership position and expand its reach to support more schools and organizations in need of effective fundraising solutions.
"We're thrilled to partner with Snap! to support their continued growth and help scale their impact on schools' sports teams and clubs across the country," said Jeff Goldrich, Managing Director at Runway. "Their platform and leadership team have transformed fundraising by making it safer and easier for communities nationwide to rally behind students and supplement budget shortfalls with private funding. We're confident in Snap!'s ability to expand their reach, helping to deliver even more opportunities to more students, with this investment."
Snap! has emerged as a market leader in the digital fundraising space, providing innovative solutions to students and organizations to help meet their financial needs safely and efficiently. To date, Snap! has helped raise over
"We're incredibly grateful for Runway's support and belief in our mission," said Cole Morgan, CEO of Snap! Mobile. "This new capital will allow us to enhance our platform, broaden our customer base, and drive forward our vision of ensuring that every young person has access to the athletics and activities that are so crucial to their development."
Runway's investment underscores its commitment to backing high-growth companies with flexible financing solutions, enabling them to scale with minimal dilution.
About Runway Growth Capital LLC
Runway Growth Capital LLC is the investment adviser to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Led by industry veteran David Spreng, these funds provide senior term loans of a target of
About Snap! Mobile, Inc.
Snap! Mobile has been proudly supporting programs around the country with simple and dependable services since 2014. Snap! Raise has raised
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition, or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway's filings with the Securities and Exchange Commission. Runway undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
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SOURCE Runway Growth Capital LLC
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