Snackpass

Snackpass

AI-powered self-serve technology for restaurants

About Snackpass

Simplify's Rating
Why Snackpass is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Rating Differentiation

Industries

AI & Machine Learning

Consumer Goods

Company Size

51-200

Company Stage

Series B

Total Funding

$90.6M

Headquarters

San Francisco, California

Founded

2017

Overview

Snackpass provides a comprehensive solution for quick-serve restaurants by combining hardware and software to improve operational efficiency. The platform utilizes AI-powered self-serve technology, allowing customers to place orders and make payments independently, which streamlines the service process for restaurant staff. A unique aspect of Snackpass is its social buying feature, enabling users to share loyalty points with friends, making dining a more communal experience and encouraging new customer acquisition. Snackpass stands out from competitors by integrating both physical devices and a digital platform, creating a cohesive ecosystem that enhances the overall customer experience. The company's goal is to transform the way quick-serve restaurants operate and engage with their customers, fostering loyalty and increasing efficiency.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Snackpass raised $70M in Series B funding, led by Craft Ventures.
  • The acquisition of Sleektext enhances customer experience by reducing wait times at events.
  • Partnership with Stord optimizes logistics, aiding Snackpass's efficient scaling.

What critics are saying

  • Increased competition from apps like Ritual and Allset may dilute market share.
  • Integration challenges from Sleektext acquisition could disrupt operations.
  • Rising operational costs in San Francisco may impact profitability.

What makes Snackpass unique

  • Snackpass integrates AI-powered, self-serve technology for quick-serve restaurant efficiency.
  • The platform's social buying feature allows users to share loyalty points with friends.
  • Snackpass offers a seamless experience with beautifully designed hardware and software.

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Funding

Total Funding

$90.6M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$70M
Snackpass
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Unlimited Paid Time Off

Home Office Stipend

Wellness Program

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

-5%
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Aug 16th, 2023
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AiThority
Jul 11th, 2023
Snackpass chooses Stord software to scale operations amid immense growth

Snackpass, an all-in-one restaurant operating system focused on streamlining operations through innovative, self-serve technology, has partnered with Stord, the CloudSupply Chain leader for omnichannel mid-market and enterprise brands.

Bizjournals
Nov 17th, 2021
Snackpass acquires Sleektext

Snackpass, a fast-growing startup that’s netted a slew of celebrity investors and popularity on college campuses, has acquired another San Francisco startup, Sleek, that right-sizes (or eliminates) long lines at concerts and food trucks with a "priority lane."

QSR Magazine
Jun 23rd, 2021
Craft Ventures invests into Snackpass in $70M

Snackpass, the social e-commerce platform for restaurants, announced a $70 million Series B funding round led by Craft Ventures.

Finsmes
Jun 23rd, 2021
Snackpass Raises $70M in Series B Funding

Snackpass, a San Francisco, Calif.-based social e-commerce platform for restaurants, raised $70m in Series B funding. The round was led by Craft Ventures with participation from Andreessen Horowitz, General Catalyst, andY Combinator, as well as:● AirAngels, the Airbnb alumni investor syndicate● Bastian Lehmann, Founder/CEO of Postmates● David Grutman, hospitality entrepreneur● Draymond Green of the Golden […]

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