Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP advised Snackpass on the deal.
Snackpass, a social commerce platform for ordering from restaurants, announced its $70 million Series B financing led by Craft Ventures and included Andreessen Horowitz, General Catalyst, Y Combinator, and individual backers.
This round values the company at over $400 million.
Conceived four years ago while Kevin Tan, the CEO who co-founded the company with Jamie Marshall, was still a student at Yale studying physics, Snackpass has grown by remaining true to its higher-ed roots. The startup now has 500,000 users across 13 college towns, and has seen its growth explode 7x year-over-year. This round values the startup at over $400 million.
The Gunderson deal team was led by Michael Hacker (Picture) and included Laura Stoffel and Gabriella Stearns.