Snapcommerce’s US$85 Million Financing Round

Osler, Hoskin & Harcourt LLP advised Snapcommerce on the transaction.

On March 4, 2021, Snapcommerce announced it had completed its US$85 million financing round. The funding was co led by Inovia Capital through its Growth Find I and by Lion Capital. The growth financing will allow Snapcommerce to expand beyond the travel space and invest in its broader mobile commerce play, with the goal of launching a number of brands under the Snap banner. The funding will also be used to grow the startup’s team.

Snapcommerce is a Toronto based software firm specializing in its message driven platform that uses AI to connect customers to promotions.

Osler, Hoskin & Harcourt LLP advised Snapcommerce with a team consisting of Chad Bayne (Picture), Justin Dharamdial, Andrew Irwin, Isaac da Silva Aboo (Emerging and High Growth Companies), Alexandra Alacchi (Corporate), Jennifer Lee, Christopher Sheridan, and Andrew Granek (Taxation).

 

Involved fees earner: Alexandra Alacchi – Osler Hoskin & Harcourt; Chad Bayne – Osler Hoskin & Harcourt; Isaac da Silva Aboo – Osler Hoskin & Harcourt; Justin Dharamdial – Osler Hoskin & Harcourt; Andrew Granek – Osler Hoskin & Harcourt; Andrew Irwin – Osler Hoskin & Harcourt; Jennifer Lee – Osler Hoskin & Harcourt; Christopher Sheridan – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Snapcommerce;

Author: Martina Bellini