Snap It secures £2.1m in seed funding to expand its material range and geographic reach.
The funding round was led by ActivumSG Ventures to support geographic and product expansion.
Snap It provides an on-demand delivery platform that supplies construction materials and spare parts directly to tradespeople. The mobile application streamlines procurement by aggregating inventory from numerous merchants for rapid delivery.
Snap It has raised £2.1m in seed funding led by ActivumSG Ventures, with participation from Force Over Mass Capital and LiFE Ventures. The round also drew support from prominent angel investors including former world boxing champion David Haye, Greg Marsh, and Oliver Stork.
The company will direct the capital towards expanding its catalogue beyond plumbing supplies into electrical products and scaling operations outside Greater London into Birmingham.
From the founder
"This funding will take our platform to the next level as we expand outside London and offer electricians the same service currently enjoyed by our plumber customers. Our platform will continue to grow, supporting large merchants on their daily operations and digitising independent family-run merchants so they remain competitive in today’s fast-paced market."
Viktor Muhhin
Founder and CEO at Snap It
Investor perspective
"Viktor and the Snap It team are using their deep industry knowledge to modernise and streamline the fragmented building trades supply chain so that everyone wins – tradespeople, merchants, homeowners, tenants and property managers. We can see the tremendous growth opportunities that Snap It’s platform unlocks and are happy to support the team in growing it."
Natalie Somekh
Partner, ActivumSG Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
