Diligence memo · auto-generated · as of July 2, 2026
Snapt
Snapt has raised $1.0M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Snapt is a private company, based in Africa. 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 .
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Snapt has raised $1.0M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $1.0M on 2016-06-01.
Most recent recorded round closed around 2016-06-01.
Valuation (modeled)modeled
Provath models Snapt at approximately $23M (range $667K–$262M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 98% of sector peers (8525 compared).
Modeled value ranks above 99% of those peers.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.