Snap (NYSE: SNAP) has been quite rocky. As a technology company, it initially grew to fame through Snapchat, an instant photo messaging service. From here, it grew to four products, Snapchat, Spectacles, Bitmoji, and Zenly. Snap stock is growing steadily from its record low ($4.82) in December 2018. Now, Snap has announced that it will raise $1bn in debt to fund future content, AR features, and for acquisitions to expand its business.
Considering Snap’s movement in the market and its recent announcement, we wanted to know whether more companies offer similar products to Snap’s. To do this, we ran a Cyndx company search on “Snap.com”. The results returned included 496 companies, 349 of which were private. Filtering on private companies, we can highlight key players in the private market, most active investors, and companies who have recently raised capital or were acquired.
The Most Similar Private Companies
Selfllery: is a technology firm founded in Singapore that allows users to connect through visual content. The company also affords monetization through the content on the social platform.
Priveo: is a secure communications app that connects users through a variety of forms of media, including video, photos, and text. The company is based in Sterling, Virginia.
Snatch App: an Israel-based company, that lets users connect through instant messaging, calling, and content-sharing.
The Most Active Investors
Looking at the most active investors, we can see that 3 firms have invested the most frequently.
DFJ has invested 16 times in 6 companies in the cohort. Notably, in a seed and Series A round in Clixtr, a location-based photo-sharing platform.
Sequoia Capital has invested 16 times in 8 companies in the cohort, one of which was Snap.
Accel who has 15 investments in 6 companies in the cohort.
Reach out to us here to try it out for yourself and see what you can uncover using Cyndx Finder.