Snappy Shopper’s £19.4 Million Series A Funding Round

Mishcon de Reya advised Highland Tech Ltd on the matter.

Highland Tech Ltd participated in Snappy Shopper’s £19.4m Series A. The Series A was led by Paypoint PLC and alongside Highland Tech Ltd included Mercia, Maven VCT, Kelvin Capital and Justin King (ex-CEO of Sainsburys).

Founded in 2017, The Snappy Shopper app offers goods from local convenience stores in 30 minutes working in partnership with existing local businesses embedded in their communities (including Spar, Nisa and Costcutter). With the Snappy model, retailers retain control over their home delivery service. They are provided with a flexible tech solution that enables superior customer choice, in-store pricing and special offers, tailored to the needs of each individual neighbourhood. Retailers can increase revenue significantly with average basket spend more than trebling online compared to in-store purchases. The Snappy Shopper group also operates the Hungrrr platform – a website and app ordering solution for hospitality venues.  

The Mishcon’s Corporate Group, led by Richard Tyler  (Picture) and James Paterson, with support from Oliva Ross, has advised Highland Tech Ltd

Involved fees earner: James Paterson – Mishcon de Reya; Richard Tyler – Mishcon de Reya;

Law Firms: Mishcon de Reya;

Clients: Highland Tech Ltd;

Author: Federica Tiefenthaler