Snappy Shopper secures a seven-figure investment from Highland Technology, Kelvin Capital and Scottish Enterprise to fund growth
The funding round was led by Highland Technology to support technology development and expansion.
A home delivery marketplace connecting consumers with local convenience stores and independent retailers.
Snappy Shopper has secured a seven-figure investment from existing backers including Highland Technology, Kelvin Capital and Scottish Enterprise to support its ongoing expansion. The round was led by Highland Technology.
The fresh capital will be deployed to develop the core technology platform and pursue further business growth. The company aims to capitalise on shifting consumer demand towards local convenience retail while scaling its offerings across the UK and into international markets.
The business has seen significant traction, passing milestones of 50 million products sold and five million orders placed through the platform following consistent annual revenue growth.
Investor perspective
"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."
Niall Santamaria
Chief Investment Officer, Highland Technology
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Snappy Shopper
A quick commerce marketplace connecting customers with local convenience stores for home delivery.