Snappy – a Canadian all-in-one restaurant management Software-as-a-Service (SaaS) company – recently announced closing an oversubscribed Series A funding round. The funding round – led by Texas-based Golden Section Ventures – follows an investment by Celtic House Venture Partners and Celtic House Asia Partners in 2021. This funding round will expand Snappy’s market presence in North America as Snappy continues powering restaurants globally with its cost-effective and efficiency-driving restaurant software tools.
The company serves as a technology partner for restaurateurs, elevating the dining experiences through a suite of modules including point of sale, payment processing, omnichannel ordering, third-party delivery apps integration, reservation, loyalty and targeted marketing. And independent restaurants and chains can tailor their subscription to include any one or multiple modules ensuring a fit for their unique operational needs. Snappy invests continuously in technology, education, and training programs to contribute to the restaurant community. The Toronto-based technology firm operates in 8 countries, including the US, Canada, the UK, and Australia, and is excited to continue expanding.
KEY QUOTES:
“We are at an exhilarating time on the restaurant digital transformation path when the need to improve operational efficiency, customer experience, and staff management has never been stronger. We are pleased to partner with Golden Section Ventures to continue the expansion of our business in North America through regional offices in the US and Canada as we work with restaurateurs to streamline their operations and boost digital presence and customer experience. Snappy remains committed to finding innovative ways to help restaurant operators run their businesses more efficiently and become more profitable.”
— Ricky Wang, Co-founder & CEO of Snappy
“Even though the restaurant software vertical has some major players, it’s still an incredibly fractured market. Snappy’s cloud-based, nimble, modular solution is a flexible option for independent restaurants and large chains alike. We think Snappy will be the market leader in short order.”
— Andrew Smith, Executive Director of Golden Section
“We are pleased to have Golden Section join the investor syndicate at Snappy. Snappy’s ability to scale its operations in Canada and now expand into the US, while maintaining excellent performance metrics, has been impressive. All this has been done in a capital-efficient manner through innovation rather than buying market share with investor capital. This round’s additional funding will allow Snappy to continue its mission of providing restaurant operators with the most cost-effective and easy-to-deploy all-in-one restaurant management SaaS.”
— David Adderley, Partner at Celtic House Venture Partners
“As Snappy’s first institutional seed investor, we are pleased to welcome Golden Section as a co-investor. The restaurant industry is at a critical inflection point as it undergoes a massive digital transformation. Snappy’s cloud-based platform and pre-built modular solutions solve key challenges across numerous restaurant types and use cases. With this funding, Snappy is strongly positioned to execute amidst these market tailwinds.”
— Larry Liu, Managing Partner at Celtic House Asia Partners
