Toronto: Snappy, a restaurant software technology platform, on Thursday, announced the successful closure of its oversubscribed Series A funding round. The Canadian company is known for providing a smart all-in-one restaurant management Software-as-a-Service (SaaS) solutions.
Led by Texas-based Golden Section Ventures, this investment is an addon support after the Centric House Venture Partners and Celtic House Asia Partners in 2021. The fresh capital infusion will be utilized to strengthen Snappy’s market presence across North America as it continues to empower restaurants globally with its affordable and efficient restaurant software.
“We are at an exhilarating time on the restaurant digital transformation path when the need to improve operational efficiency, customer experience, and staff management has never been stronger,” said Ricky Wang, Co-founder & CEO of Snappy.
He further said, “We are pleased to partner with Golden Section Ventures to continue the expansion of our business in North America through regional offices in the US and Canada, as we work with restaurateurs to streamline their operations and boost digital presence and customer experience. Snappy remains committed to finding innovative ways to help restaurant operators run their businesses more efficiently and become more profitable.”
“Even though the restaurant software vertical has some major players, it’s still an incredibly fractured market,” said Andrew Smith, Executive Director of Golden Section. He added, “Snappy’s cloud-based, nimble, modular solution is a flexible option for independent restaurants and large chains alike. We think Snappy will be the market leader in the short order.”
Snappy serves as a technology partner for restaurants, offering various modules, including point of sale, payment processing, omnichannel ordering, third-party delivery apps integration, reservations, loyalty programs, and targeted marketing.
With operations in eight countries, including the US, Canada, the UK, and Australia, Snappy aims to further expand its wings to allow restaurant owners focus only on their core services. David Adderley, Partner at Celtic House Venture Partners, praised Snappy’s ability to scale its operations efficiently through innovation, rather than relying heavily on investor capital.
This additional funding will help Snappy continue its mission of providing cost-effective, all-in-one restaurant management SaaS solutions, benefiting restaurant operators during this crucial period of digital transformation.