Runway Growth Capital announced a $23 million growth capital commitment to Snap! Mobile, a leading fundraising platform for schools and organizations to support their sports teams, groups, and clubs. This funding will enable Snap! to expand its innovative digital platform and empower more organizations to raise critical funds for high school athletics and other extracurricular activities.
Snap! 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. And so far, Snap! helped raise over $900M for 125,000+ groups and teams, across 12.5+ million participants and donors.
Beyond the funding, Snap! also offers a full suite of software solutions to help manage the day-to-day needs of athletic directors, coaches, and other leaders, from account disbursements to scheduling, internal and external communications, fan engagement, and the team store. And with a strong focus on supporting students, Snap! continues to develop seamless ways to foster community engagement while prioritizing the success of students and athletes.
KEY QUOTES:
“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. 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.”
– Jeff Goldrich, Managing Director at Runway
“We’re incredibly grateful for Runway’s support and belief in our mission. 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.”
– Cole Morgan, CEO of Snap! Mobile
