The funding round was led by Highland Technology to support technology development and expansion.
"Snappy Shopper’s business model sets them apart from their rivals who rely on expensive site leases and fit outs, holding of inventory and logistics processes, to compete with convenience store retailers. Instead, Snappy partners with thousands of small business owners who have been serving their communities for years, if not generations, and enable them to not only serve their customers better but grow their own businesses. I have been really impressed with how Snappy have continued to grow the number of retailers they support and customer orders they process, with sector leading KPIs on retention and basket size, through their collaborative approach with the retailers. With an exceptional senior leadership and broader team now in place, we expect them to continue their impressive growth trajectory across the UK and into Europe, and I look forward to working with Mike and team on this journey."
The financing round was backed by investors including British Patient Capital and In-Q-Tel to support expansion plans.
"Pragmatic is another great example of a UK company which has developed and commercialised world-leading technology from a UK base. We are delighted to be investing in the further growth of this homegrown semiconductor manufacturing business via Future Fund: Breakthrough, our dedicated deeptech fund which is investing in some of the country's most innovative and dynamic businesses."
The investment includes participation from HSBC Asset Management, Deutsche Bank CVC, SIX FinTech Ventures, and Anthemis.
"With this new injection of very supportive capital,TAINA is looking forward to achieving a number of objectives on its mission to grow as the Bestin-Class Platform for the industry, for an expanding range of Regulations, Geographies and Market Segments"
The financing round included participation from Evolution Equity Partners, G Squared, Irving Investors, boldstart ventures, Sands Capital and Tiger Global.
"In 2022, I’m proud that Snyk achieved a 100% year-over-year increase in revenue as well as net revenue retention of over 130%,"