Snipfeed have recently announced that it has raised a $5.5 million seed round with investment from Charles River Ventures; Abstract Ventures; Ali Hamed at Crossbeam; id8; Michael Ovitz, founder of CAA; Michael Bosstick, co-founder and CEO of Dear Media; management agency Up North; and European funds Isai, Diaspora and First Capital.
The company said that investments will help to continue to build new features and grow its team.
Snipfeed is based in Los Angeles and Paris. It was founded in 2019 by Redouane Ramdani, Anas Bouassami, and Pierre-Habté Nouvellon, three French entrepreneurs who met while at Berkeley. The team has grown to include two executives with 10+ years of influencer marketing and creator expertise, as well as a marketer and creator herself who recently signed with WME.
The company said in a statement, “In the coming months, we’ll be rolling out more features, and are particularly excited to announce our new “Brand Deal” tool. In addition to creators being able to manage deliverables and payments through Snipfeed, Snipfeed will employ AI to help match brands to creators. Snipfeed will also be launching a “Superfan” feature which enables followers to sign up for creator updates directly through text messages, helping creators become further connected with their top followers and less dependent on algorithms.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.