Snackpass’ $70 Million Series B financing

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.

 

Involved fees earner: Michael Hacker – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Laura Stoffel – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Law Firms: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Clients: Snackpass;

Author: Martina Bellini