Africa · founded 2012
Diligence memoA one-page analyst read on Snapt — recommendation, valuation, rhythm, risks.→Snapt has raised $1.0M over 1 round; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page.
No named principal in this company's public records yet — see all operators below.
SA software startup Snapt raises $1m to aid expansion 0 By Tom Jackson on June 1, 2016 News , Southern Africa South African software startup Snapt has raised US$1 million in funding from Convergence Partners to aid its further expansion, with the company having already built a client base of 10,000 customers across 50 countries. Snapt , which was founded in South Africa in 2012 and is a provider of software-based load balancers and application delivery controllers (ADCs), established an independent sales and marketing arm in the United States (US) last year to cope with increasing demand .
SA software startup Snapt raises $1m to aid expansion 0 By Tom Jackson on June 1, 2016 News , Southern Africa South African software startup Snapt has raised US$1 million in funding from Convergence Partners to aid its further expansion, with the company having already built a client base of 10,000 customers across 50 countries. Snapt , which was founded in South Africa in 2012 and is a provider of software-based load balancers and application delivery controllers (ADCs), established an independent sales and marketing arm in the United States (US) last year to cope with increasing demand .
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.
Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 8525 companies in this sector. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 98% of sector peers (real $). Modeled value above 99% of peers (estimate).
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Pre-Seed | $1.0M | 2016-06-01 | $5.6M | $23.1M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Snapt is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.
| Firm | Round | Confidence |
|---|---|---|
| Convergence Partners | Pre-Seed | 55% |
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