iNovia Capital leads $8 mln Series A financing of SnapTravel
Hotel booking service SnapTravel has secured $8 million in a Series A financing. Canadian venture capital firm iNovia Capital led the round and was joined by existing backers Lightbank, Bee Partners and Hedgewood, as well as strategic investor Peter Kern. Founded in 2016 by CEO Hussein Fazal and CTO Henry Shi, both serial entrepreneurs, SnapTravel uses natural language processing and machine learning to help users of its service find and book a hotel room over SMS texts and Facebook Messenger. It plans to use the funds raised to further develop its technology, hire engineers and fuel growth. SnapTravel has offices in Toronto and San Francisco.
25 July 2017•2 mins read
