Series A investment into Snappy Shopper
IndustryFinancial Services & Technology & Media
BDO’s Growth Advisory team advised Highland Tech on their participation in Snappy Shopper’s £19.4m Series A which was led by Paypoint PLC and included Mercia, Maven VCT, Kelvin Capital and Justin King (ex CEO of Sainsburys).
The Snappy Group, the technology platform that connects consumers with their local businesses, in a way that is very different from delivery aggregators and dark store operators. Snappy works in partnership with existing local businesses embedded in their communities. With the Snappy model, retailers retain control over their home delivery service. They are provided with a flexible tech solution which enables 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 instore.
“The Snappy Group is one of the most exciting Scottish tech companies and we are hugely impressed with its trajectory so far. We are delighted to be part of the success story going forward.”
Lord Laidlaw, Chairman, Highland Tech