SNAK Venture Partners, a new venture capital firm, has recently closed a $50 million debut fund to support digital marketplaces. The fund was led by Pritzker Group and aims to invest in industries like supply chain and construction, capitalizing on the growing prevalence of fintech solutions.
Founded by Sonia Nagar and Adam Koopersmith, SNAK Venture Partners is inspired by the success of consumer-focused ventures like Uber and Instacart, and sees significant potential in untapped B2B marketplace segments. The firm has already funded startups like BigRentals and Repackify, which focus on equipment rental and packaging logistics, respectively.
With plans to invest in 20 companies over the fund’s lifespan, SNAK Venture Partners aims to deploy the entire $50 million fund within the next 3 to 4 years.
Source: TechCrunch