About this raise
Snapwire is raising funds on StartEngine. It is an online marketplace that connects photographers with brands that need a high volume of imagery. Snapwire serves as the connection between companies in the market for original photos and the photographers for the companies to get the images they need and the photographers to earn money for their photos. The platform has hosted more than 4,900 photos since its launch and has a photo buyer base of more than 12,000. Chad Newell founded Snapwire in August 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for new hires, product development, marketing, international expansion, and existing employees' compensation.
Investment Overview
Invested : $108,360
Deal Terms
- Platform
- StartEngine
- Start Date
- 07/27/2016
- Close Date
- 12/03/2016
$50,000
$1,000,000
$650
Equity - Common
Early Stage
RegCF
$0.40
Company & Team
Company
- Year Founded
- 2012
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Location
- SANTA BARBARA, California
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2015
- Monthly Burn
-
$63,725
as of FY2015
-
Runway
-
0.1 months
as of FY2015
- Gross Margin
-
41%
as of FY2015
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Company Funding & Growth
Funding history
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.