GAIN Venture Studios becomes main investor in Snap startup
08:00 - 08 March 2023
GAIN Venture Studios has become a main investor in beauty and personal care online marketplace startup Snap.
According to a recent press release, Snap aims to become the most innovative online marketplace of its kind, by providing the opportunity for direct transactions through consumers and businesses in the sector.
According to a recent press release, Snap's platform is expected to provide significant benefits to consumers such as being able to make appointments at the business of their choice around the clock, receiving relevant reminders and notifications, benefiting from rewards, exploring new opportunities and having the ability to pay online and more.
Businesses in the sector are also anticipated to benefit through the platform as they will be able to fill unsold appointment slots, reduce last-minute cancellations, increase their sales, improve the customer experience and better manage important aspects of their business.
Currently, Snap has entered into a crowdfunding process through Crowdbase towards further developing its designs.
The press release said Snap is looking to raise between €200,000 and €350,000, in exchange for common shares in the company. The minimum investment is set at €100 and the campaign will last for approximately two months. By 7 March, approximately 70% of the minimum target amount has been raised.
GAIN focuses on sharing knowledge and experience, supporting several startups including 11pets, Serenity, SNAP, and Logistaras with expertise and financial resources.